World News
Wednesday Bunker Prices Climb Further
Bunker prices continued to make strong gains on Wednesday with many ports reporting further double-digit gains.
In Asia, IFO380 in Singapore and Hong Kong rose for a fifth consecutive day, gaining $9.00 to $602.00 per metric tonne (pmt) and $6.00 to $610.50 pmt respectively.
In Europe, IFO380 prices in Fos, Genoa, Istanbul and Piraeus all made double-digit gains of $18.50, $24.00, $22.50, and $19.00 respectively.
Rotterdam 380 cSt product moved up for an eighth consecutive day gaining $4.00 to $580.00, while MGO, rising for a seventh day, gained $5.50 to put the price at $872.00.
Fujairah IFO380 made gains for the fifth consecutive day, the price moving up $6.50 to $606.00 pmt, while MGO fell $1.50 to $1004.00.
Houston saw IFO380 made a double-digit gain, the price moving up $15.00 to $588.50, and MGO gained $8.00 to put the price at $898.50 pmt.
LA / Long Beach IFO380 dropped $3.50 to $598.00 while MDO moved up $6.50 to $1046.00.
U.S. crude markets were closed today for the national Independence Day holiday.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 509.00 | 4.50 | 623.00 | 3.00 |
| Rotterdam | 463.00 | 7.00 | 623.50 | 2.00 |
| Houston | 471.50 | 4.50 | 627.50 | 3.50 |
| Fujairah | 501.00 | 4.50 | 714.00 | 1.00 |
| Global 20 Ports Average | 529.00 | 2.50 | 714.50 | 2.50 |
| Global 4 Ports Average | 486.00 | 3.00 | 647.00 | 2.50 |
| Global Average Bunker Price | 572.50 | 2.00 | 753.00 | 2.00 |
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