World News
Daily Bunker Price Report, Monday May 13, 2013
Bunker prices dropped as the week opened, Ship & Bunker data showed, with some ports seeing double-digit downward movements.
Singapore IFO380 dropped $9.50 to $604.50 per metric tonne (pmt), the same price the grade hit on April 25, 2013. Low sulfur 380 cSt product (LS380) moved down $7.50 to $694.50 making the premium for the Emissions Control Area (ECA) compliant fuel $90.00 pmt. MGO moved down $8.00 to $861.50 pmt.
Rotterdam IFO380 was down $4.50 to $589.00 pmt, down $1.50 week-on-week, and LS380 made it a third market day of slowly falling prices, down $2.00 to $613.50 pmt. MGO was $2.50 lower at $847.00 pmt, the first downward movement since May 2, 2013.
Fujairah IFO380 fell $11.00 to $609.50 pmt, a fourth consecutive market day of lower prices and down $22.00 in that time. MGO moved down $3.00 to $1001.50 pmt, the same price as April 19, 2013.
Houston IFO380 slipped $6.00 to $592.00 pmt, $7.50 lower than this time last week. LS380 slipped $5.00 to $643.00 making the premium for the Emissions Control Area (ECA) compliant fuel $51.00 pmt, and MGO slipped $9.50 to $967.00 pmt, a gain of $2.50 over the last 2 weeks.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 7.00 | 617.00 | 6.00 |
| Rotterdam | 455.00 | 8.00 | 619.50 | 4.00 |
| Houston | 467.00 | 4.50 | 625.00 | 2.50 |
| Fujairah | 495.00 | 6.00 | 712.50 | 1.50 |
| Global 20 Ports Average | 524.50 | 4.50 | 710.50 | 4.00 |
| Global 4 Ports Average | 479.50 | 6.50 | 643.50 | 3.50 |
| Global Average Bunker Price | 570.50 | 2.00 | 747.50 | 5.50 |
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