World News
Tuesday Bunker Prices Falling as Crude Drops Again
Global bunker fuel prices fell sharply on Tuesday as crude saw a second consecutive day of significant losses. Key price indicator ports Singapore, Rotterdam, Fujairah, and Houston all saw IFO380 drop between $11.00 and $12.00 pmt.
Singapore IFO380 fell for a second consecutive day losing $12.00 to $677.50 per metric tonne (pmt), and MGO dropped $16.00 to $992.00 pmt.
Hong Kong saw IFO380 move down for a second consecutive day falling $8.00 to $694.00 pmt, while MGO dropped for the first time since September 11, 2012 losing $11.00 to $1007.00 pmt.
Rotterdam IFO380 was down $12.00 to $655.00 pmt, 1.00% maximum sulfur 380 cSt product (LS380) slumped $16.50 to $712.50, and MGO lost $10.00 to $993.50 pmt.
Fujairah 380 cSt product slid $11.00 to $683.00 pmt, while MGO moved down for the first time since September 7, 2012 dropping $17.50 to $1046.50 pmt.
Houston IFO380 and LS380 saw a second consecutive day of losses as IFO380 fell $12.00 to $663.00 and LS380 slipped $10.00 to $767.00. MGO dropped for the first time since September 11, 2012 losing $12.00 to $1052.00 pmt.
LA / Long Beach IFO380 was down $28.50 to $649.00 pmt, while LS380 fell $20.50 to $810.00 bringing the premium for the low sulfur fuel to $161.00 pmt.
The WTI spot price lost more than a dollar for a second consecutive day dropping $1.33 (-1.38%) to close at $95.29 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 493.50 | 0.00 | 609.00 | 3.00 |
| Rotterdam | 432.00 | 18.00 | 582.50 | 17.00 |
| Houston | 450.00 | 8.00 | 607.00 | 11.00 |
| Fujairah | 476.50 | 6.50 | 699.00 | 4.00 |
| Global 20 Ports Average | 516.00 | 5.00 | 700.00 | 5.50 |
| Global 4 Ports Average | 463.00 | 8.00 | 624.50 | 7.00 |
| Global Average Bunker Price | 562.00 | 2.00 | 738.00 | 3.50 |
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