World News
Daily Bunker Price Report, Monday May 6, 2013
After a firm Friday, bunker prices were once again on the rise with gains on Monday, Ship & Bunker data showed, with the Americas, EMEA, and Asia / Pacific regions all seeing some double digit-gains today.
In Asia, benchmark grade IFO380 was up $10.00 per metric tonne (pmt) in Port Klang, and in Shanghai a jump of $20.00 pmt moved the grade to $651.00 pmt - its highest price since April 11, 2013.
Singapore IFO380 rose $5.50 to $619.00 pmt, the highest price in just over 3 weeks, while low sulfur 380 cSt product (LS380) rose $11.50 to $658.50, the highest price since April 15, 2013. MGO was up $6.50 to $856.50 pmt for a gain of $6.50 over the last 2 weeks.
The larger price moves in the EMEA region included a $15.00 pmt gain for both IFO380 and IFO180 in Istanbul, while Las Palmas saw the grades up $14.50 pmt.
Rotterdam IFO380 was up $5.00 to $590.50 pmt, the highest price since April 12, 2013, and LS380 was up $8.50 to $611.00 making the premium for the Emissions Control Area (ECA) compliant fuel $20.50 pmt. MGO moved up $8.50 to $835.50 pmt, but is still down $41.50 over the last month.
Fujairah IFO380 rose $6.50 to $630.00 pmt for a week-on-week gain of $10.00, while MGO slipped $2.00 to $1011.00 pmt.
In the Americas, prices were fairly steady on North America's Pacific coast, but IFO380 in Los Angeles & Long Beach was up $3.00 to $616.00 pmt.
Houston IFO380 was up $8.00 to $599.50 pmt, and while LS380 moved up $7.00 to $659.00 it was still down $6.00 week-on-week. MGO was up $17.50 to $971.50 pmt, a gain of $34.00 over the last 2 weeks.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 532.00 | 15.50 | 623.00 | 25.00 |
| Rotterdam | 472.50 | 8.00 | 623.00 | 10.50 |
| Houston | 469.50 | 8.00 | 627.00 | 16.50 |
| Fujairah | 519.50 | 15.50 | 725.00 | 8.50 |
| Global 20 Ports Average | 540.00 | 8.00 | 718.50 | 10.50 |
| Global 4 Ports Average | 498.50 | 12.00 | 649.50 | 15.00 |
| Global Average Bunker Price | 576.00 | 5.50 | 759.00 | 3.50 |
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