World News
Monday Bunker Prices Move Down in Europe and Asia
Many ports in Europe and Asia saw bunker prices fall on Monday, while in the U.S. prices were mostly steady.
Singapore IFO380 moved down $3.50 to $654.00 per metric tonne (pmt), and MGO fell $6.50 to bring the price to $957.50 pmt.
Hong Kong saw IFO380 lose $0.50 to $669.50, while MGO saw a second consecutive market day of gains and moved up $0.50 to $983.00 pmt.
Rotterdam IFO380 fell $2.50 to $634.00 pmt, 1.00% maximum sulfur 380 cSt product (LS380) moved down $3.00 to $686.00, and MGO also lost $3.00 bringing the price to $968.00 pmt.
Fujairah 380 cSt product was down $5.00 to $656.00 pmt, equal to last Monday's price, while MGO slipped $4.50 to $1035.00 pmt.
Houston IFO380 and LS380 moved up for a second consecutive market day gaining $0.50 to $645.00 and $1.50 to $747.00 pmt respectively, and MGO climbed for a third consecutive market day rising $2.50 to $1040.50 pmt.
LA / Long Beach IFO380 fell for the first time since September 25, 2012 losing $18.50 to $676.00, and LS380 dropped for a second consecutive market day sliding $53.50 to $774.50 pmt bringing the premium for the low sulfur fuel to $98.50.
The WTI spot price was up for a third consecutive market day gaining $0.29 to close at $92.48 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 493.50 | 8.50 | 606.00 | 11.00 |
| Rotterdam | 450.00 | 5.00 | 599.50 | 20.00 |
| Houston | 458.00 | 9.00 | 618.00 | 7.00 |
| Fujairah | 483.00 | 12.00 | 703.00 | 9.50 |
| Global 20 Ports Average | 521.00 | 3.50 | 705.50 | 5.00 |
| Global 4 Ports Average | 471.00 | 8.50 | 631.50 | 12.00 |
| Global Average Bunker Price | 564.00 | 6.50 | 741.50 | 6.00 |
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