Week Ends with Soft Bunker Prices

Singapore MGO has made a $40.00 loss in the past month

After a week of uncertain movements, bunker prices were generally falling on Friday, with the exception of the U.S. where prices were mixed.

Singapore IFO380 finished the week at its lowest price since July 2, 2012 falling $16.50 to $591.00 per metric tonne (pmt), a week-on-week loss of $19.50 and a three month drop of $62.50 pmt. MGO at the port slipped $14.50 to $918.00 making a $40.00 loss in the past month.

Hong Kong IFO380 was down $10.50 to $609.00 pmt, down $56.00 over three months and a week-on-week loss of $16.50 pmt. MGO dropped $6.50 to $945.50 down $22.00 over the past week.

Rotterdam IFO380 having not broken $600.00 since October 30, 2012 slipped $3.50 to $583.50 pmt. Over the last three months IFO380 in the port has lost $51.50 and in the last week it slipped $9.50. Low sulfur 380 cSt product (LS380) at the port moved down $8.50 to $608.50 pmt losing $14.50 week-on-week, and MGO was down $5.50 to $919.00, also with a week-on-week loss of $14.50 pmt.

Fujairah 380 cSt product dropped $3.00 to $600.50 pmt making a loss of $62.50 over three months and $10.50 lower than last Friday's price. MGO was mostly flat falling $1.50 to $1020.50 pmt and moving down just $1.00 in the last week and $11.50 over three months.

Houston IFO380 made a $2.00 gain to $597.50 pmt, dropping $5.00 week-on-week and down $39.50 over three months. LS380 moved up $6.50 to $699.00 making the premium for the low sulfur fuel $101.50 pmt. MGO at the port fell $6.50 to $989.00 pmt, the same price as August 9, 2012 exactly three months ago.

LA / Long Beach IFO380 moved up $4.00 to $671.50 pmt gaining $4.50 over three months but down $26.50 week-on-week. LS380 gained $4.00 to $748.00 making the premium for the Emissions Control Area (ECA) compliant fuel $76.50 pmt.

WTI December contracts moved up by $0.98 to settle at $86.07 per barrel.