World News
Bunker Prices Continue Up on Tuesday
Many ports saw bunker fuel prices make further gains on Tuesday with IFO380 in key indicator ports Singapore and Rotterdam moving up double-digits, but South America prices were generally moving down.
Singapore IFO380 and MGO were up for a second consecutive day gaining $10.00 to $647.00 and $10.50 to $949.50 per metric tonne (pmt) respectively.
Hong Kong saw IFO380 and MGO climb for a third consecutive market day, IFO380 was up $9.50 to $659.00 and MGO gained $18.00 to $951.00 pmt.
Rotterdam IFO380 moved up for a second consecutive day gaining $11.00 to $626.50, while MGO was up for a fourth consecutive market day climbing $14.00 to $928.50 pmt.
Fujairah 380 cSt product gained for a fifth consecutive market day, up $8.00 to $657.50 pmt, and MGO moved up for a second consecutive day adding $2.50 to move the price to $1011.50 pmt.
Houston IFO380 climbed for a third consecutive market day gaining $2.50 to $629.50, while 1.00% maximum sulfur 380 cSt product (LS380) was down $15.00 to $742.00, and MGO gained $14.50 to $982.00 pmt.
LA / Long Beach IFO380 gained $11.00 for a second consecutive day moving up to $640.00, while LS380 also gained $11.00, climbing to $890.00 pmt.
The WTI spot price moved up for a third consecutive market day gaining $1.47 (1.59%) to close at $93.67 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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