Daily Bunker Price Report, Friday April 12, 2013

by Ship & Bunker News Team
Friday April 12, 2013

Rising mid-week bunker prices turned out to be only temporary relief from a run of big downward movements which started last week, as Ship & Bunker data showed bunker prices in many ports were once again lower on Friday.

Singapore IFO380 moved down $4.00 to $621.00 per metric tonne (pmt), putting the product $4.50 lower than it was last Friday. Low sulfur 380 cSt product (LS380) dropped $2.50 to $686.50 making the premium for the Emissions Control Area (ECA) compliant fuel $65.50 pmt, while MGO was down $7.50 to $892.00 pmt, down $82.50 over the last six months with a spread of $107.00 in that time.

Rotterdam IFO380 was down $6.50 to $591.00 pmt, negating the gains made this week and falling $6.50 since last Friday. LS380 fell $7.50 to $601.50 making it the port's lowest price for the product since the end of June last year. MGO fell $9.50 to $863.00 pmt, only $1.50 higher than the nine month low set last July.

Fujairah IFO380 dropped $3.50 to $624.00 pmt, and is up $0.50 week-on-week. MGO was down $3.00 to $1008.00 pmt to put it $0.50 high than the price on Monday.

The Americas region, particularly South America, saw the biggest fall in prices today with a number of ports making a double-digit drop today.

Houston IFO380 slipped $4.50 to $603.50 pmt for a week-on-week change of $-1.00. LS380 dropped $3.00 to $671.00, while MGO moved down $5.00 to $986.50 pmt - a new low for the year so far.

Ship & Bunker News Team
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