Daily Bunker Price Report, Monday Feb 18, 2013

Murmansk IFO380 was down $10.00 today.

Ship & Bunker price indications showed global bunker prices were generally lower on Monday.

South East Asia bunker prices made little change however, as Singapore saw all grades make a small downward movement. IFO380 was down $1.50 to $657.50 per metric tonne (pmt), and low sulfur 380 cSt product (LS380) in the port dropped $3.00 to $751.50 narrowing the premium for the Emissions Control Area (ECA) compliant fuel to $94.00 pmt. MGO was down $1.00 to $997.00 pmt.

In South Asia, prices were generally lower and IFO380 in India was down $7.00 to $10.00 pmt today.

Europe, and the Mediterranean and Black Sea region saw a similar trend with almost all ports with a drop in prices. A loss of $10.00 in Murmansk was the region's biggest IFO380 movement.

Rotterdam IFO380 dropped $0.50 to $641.50 pmt, a change of $3.50 week-on-week. LS380 slipped $1.00 to $690.00 making the premium for the low sulfur product $48.50 pmt, and MGO fell $1.00 to $1001.00 pmt, down $3.00 since this time last week.

Fujairah IFO380 was up $0.50 to $661.50 pmt, up $5.50 since last Monday, while MGO fell $0.50 to $1008.50 pmt, a change of just $+2.00 over the week.

Prices were down accoss the Americas, and IFO in Brazil dropped $10.00 pmt in all ports except Santos, which saw IFO drop $4.50 to $662.50 pmt, the port's first downward movement for the grade since February 6, 2013.

Houston IFO380 slipped $1.50 to $652.50 pmt for a week-on-week change of just $-1.50. LS380 slipped $4.50 to $743.00 making the premium for the low sulfur grade $90.50 pmt, while MGO moved down $3.00 to $1062.00 pmt.