World News
Daily Bunker Price Report, Friday Mar 8, 2013
After making some gains through the week, Ship & Bunker data showed bunker prices in Asia were soft on Friday.
Singapore saw IFO380 move down $1.50 to $636.50 per metric tonne (pmt) while low sulfur 380 cSt product (LS380) was unchanged at $723.00, widening the premium for the Emissions Control Area (ECA) compliant fuel to $86.50 pmt. MGO in the port moved down $0.50 to $939.00 pmt.
Markets in Europe and the wider EMEA region mostly saw small mixed movements, with key port Rotterdam seeing IFO380 slip $0.50 to $607.50 pmt. LS380 in the port dropped $1.50 to $637.50 making the premium for the low sulfur product $30.00 pmt. MGO was down $0.50 to $917.00 pmt.
Fujairah IFO380 remained at $639.00 pmt for a week-on-week gain of just $+1.00, while MGO was down $1.00 to $1024.00 pmt for a gain of $17.50 on the week.
In the Americas, prices were falling on South America's Atlantic coast, with IFO380 in Santos down $7.50 to 637.50 pmt, while markets in the North of the continent were more mixed.
Houston IFO380 moved up $0.50 to $617.00 pmt for a week-on-week change of just $-0.50. LS380 moved down $0.50 to $701.50 making the premium for the low sulfur grade $84.50 pmt, while MGO dropped $1.00 to $1010.00 pmt, down $9.00 on the week.
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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