Daily Bunker Price Report, Thursday Mar 21, 2013

Bunker prices in Gothenburg made small gains today.

Bunker prices continued to fall in Asia and the EMEA region on Thursday, but Ship & Bunker data showed markets in North America continued to make mixed movements today.

WIth the exception of a $15.00 per metric tonne (pmt) drop for IFO380 in Bangkok, the key grade fell between $3.00 and $6.00 at most ports in the region today.

Singapore was another exception, where IFO380 slipped $1.00 to $626.50 pmt, keeping the month's movements fairly flat and down just $4.00 since the start of the month with a $12.00 spread in that time. Low sulfur 380 cSt product (LS380) was up $2.00 to $719.50 making the premium for the Emissions Control Area (ECA) compliant fuel $93.00 pmt. MGO stayed at its lowest level since July last year, a milestone reached yesterday, and today the product moved down $4.50 to $905.00 pmt,

A small gain for Gothenburg and a $5.00 increase for IFO380 in Jeddah were exceptions to otherwise falling prices in the EMEA region.

Rotterdam IFO380 was down $1.00 to $602.00 pmt, while LS380 climbed $1.50 to $620.00 to widen the premium for the low sulfur product to $18.00 pmt. MGO was down again, today falling $3.50 to $888.50 pmt to keep prices at their lowest since last July.

Fujairah IFO380 fell $2.50 to $628.50 pmt, the lowest price since January 29, 2013, while MGO was unchanged at $1013.00 pmt.

Prices in the Americas continued to be mixed today, but there was a firm sentiment on the Pacific coast.

Houston IFO380 slipped $0.50 to $616.00 pmt, down $1.50 since the start on the month with a spread of $6.50 in that time, while LS380 was down $6.00 to $693.00 putting the low sulfur premium at $77.00 pmt. MGO moved down $3.50 to $989.50 pmt keeping prices for the grade at their lowest since December 2012.