World News
Big Gains for Bunker Prices on Monday
The week opened with many global ports seeing double-digit gains following a sharp rise in crude at the end of last week.
In Singapore IFO380 prices moved up $10.00 to $585.50, while MGO gained $29.00 putting the price at $844.50 per metric tonne (pmt).
Hong Kong IFO380 gained $11.50 raising the price to $598.00, and MDO added $8.50 to last Friday's $824.50 bringing the price to $833.00.
Rotterdam IFO380 bunker prices moved up for a sixth consecutive day, today rising $8.50 to $560.00 pmt, while MGO was up to $843.00, a gain of $22.00.
Fujairah 380 cSt product had a third consecutive day of gains, up $12.00 Monday to $592.50.
Houston IFO380 prices gained for a fourth consecutive day in the U.S. Gulf port, rising $17.00 to $570.00, with MGO moving up $20.50 to $875.50.
LA / Long Beach saw IFO380 move up $28.00 to $601.50 the highest price since $606.50 on June 11, 2012.
Crude saw the week open with the Monday WTI spot price dropping $1.21 to close at $83.75 per barrel.
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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