World News
Thursday Sees Further Bunker Price Gains
Thursday's marine fuel prices continued to move slowly up, and key indicator ports Singapore, Rotterdam, Fujairah, and Houston all saw IFO380 climb for a second consecutive day gaining between $5.50 and $7.00 pmt.
Singapore IFO380 moved up $7.00 to $651.50 per metric tonne (pmt) for a week-on-week gain of $11.50, and MGO gained for a third consecutive day climbing $5.50 to $976.00 pmt.
Hong Kong saw IFO380 rise for a second consecutive day adding $9.50 to bring the price to $661.50 pmt, while MGO was up $4.50 to $993.00.
Rotterdam IFO380 gained $6.00 to $631.00 pmt, 1.00% maximum sulfur 380 cSt product (LS380) moved up $2.00 to $671.50, and MGO moved up for a fifth consecutive market day climbing $12.50 to $1010.00 pmt.
Fujairah 380 cSt product was up $5.50 to $652.50, $12.50 higher than last Thursday's price, while MGO moved down $1.50 to $1039.00 pmt.
Houston IFO380 climbed $6.00 to $642.00 pmt, LS380 gained $7.00 to $746.50, and MGO moved up for a fifth consecutive market day adding $2.50 to bring the price to $1059.00 pmt.
LA / Long Beach IFO380 was up $1.50 to $676.00 pmt, while LS380 dropped for a third consecutive day losing $4.50 to $770.50 bringing the premium for the low sulfur grade to $94.50 pmt.
The WTI spot price gained $0.82 (0.90%) to close at $92.07 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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