Daily Bunker Price Report, Monday Mar 18, 2013

IFO380 in St Petersburg rose $10.50 pmt today.

Today's global bunker prices mostly continued the gains seen at the end of last week, however Ship & Bunker data showed markets in North and Western Europe were soft.

IFO Prices in East, and South East Asia firmed after being one of the few areas that did not universally make gains on Friday, but East Asia distillates fell around $2.50 per metric tonne (pmt).

Singapore IFO380 climbed $2.00 to $633.00 pmt, a change of just $-2.00 on the week. Low sulfur 380 cSt product (LS380) was up $2.50 to $712.00 making the premium for the Emissions Control Area (ECA) compliant fuel $79.00 pmt, while MGO slipped $1.00 to $920.00 pmt for a week-on-week change of $-13.00.

Ports in North and Western Europe saw mostly lower prices today, a $10.50 pmt gain for IFO380 in St Petersburg being one of the few exceptions, but the sentiment elsewhere in the EMEA region was firm.

Rotterdam, the other port in North and Western Europe to make gains today, saw IFO380 up $1.50 to $605.50 pmt for a two week change of just $1.00 with a spread of $6.00. LS380 was down $3.50 to $622.50 for a low sulfur premium of $17.00 pmt, while MGO rose $4.50 to $901.00 pmt.

Fujairah IFO380 was up for a second consecutive market day, today climbing $3.00 to $636.50 pmt but is down $2.00 on the week. MGO rose $0.50 to $1013.00 pmt, the first gain since last Monday and a change of $-11.50 in that time.

Monday's prices in the Americas were generally steady in the South, with IFO gains typically between $3.00 to $6.00 pmt elsewhere.

Houston IFO380 moved up $3.00 to $619.00 pmt for a week-on-week gain of $3.00. LS380 was up $4.00 to $703.00, and MGO gained $3.00 to $1007.00 pmt, down $-4.50 on the week.