World News
Bunker Prices Continue Climbing as Week Opens
Bunker markets saw prices continue to climb on Monday, with key price indicator ports Singapore, Rotterdam, Fujairah and Houston all seeing IFO380 climb for a third consecutive market day.
Singapore IFO380 moved up $4.50 to bring the price to $632.00, while MGO climbed for a third consecutive market day gaining $4.00 to $909.50 per metric tonne (pmt).
Hong Kong saw IFO380 move down $0.50 to $646.00 pmt ending two consecutive market days of rising prices, and MGO moved up $1.50 to $920.00 pmt.
Rotterdam IFO380 rose $1.50 to $611.00 pmt, while MGO gained for a third consecutive market day climbing $2.00 to $905.00.
Fujairah 380 cSt product climbed $4.00 to $640.00 pmt, and MGO gained $1.50 to put the price at $1005.50 pmt.
Houston IFO380 moved up $1.50 to $619.00, while MGO climbed for the third consecutive market day gaining $1.00 to $954.00 pmt.
LA / Long Beach IFO380 was steady at $611.00 pmt on Monday.
The WTI spot price moved down for the first time in four consecutive market days, dropping $0.35 to close at $89.78 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 493.50 | 0.00 | 609.00 | 3.00 |
| Rotterdam | 432.00 | 18.00 | 582.50 | 17.00 |
| Houston | 450.00 | 8.00 | 607.00 | 11.00 |
| Fujairah | 476.50 | 6.50 | 699.00 | 4.00 |
| Global 20 Ports Average | 516.00 | 5.00 | 700.00 | 5.50 |
| Global 4 Ports Average | 463.00 | 8.00 | 624.50 | 7.00 |
| Global Average Bunker Price | 562.00 | 2.00 | 738.00 | 3.50 |
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