Ship & Bunker Price Report, Wednesday Apr 3, 2013

by Ship & Bunker News Team
Wednesday April 3, 2013

There was no global consensus on the direction for bunker prices today, with many markets showing mixed movements. However Ship & Bunker data showed a number of key ports had lower IFO prices while distillates made gains.

Singapore IFO380 made its first downward movement in over a week, dropping $2.00 to $638.50 per metric tonne (pmt) for a week-on-week change of $+9.00. Low sulfur 380 cSt product (LS380) was steady at $700.50, and is down $28.50 over the last month. MGO was down $1.00 to $915.50 pmt but is still trending up over the last two weeks.

Rotterdam IFO380 rose $1.00 to $617.50 pmt and has now gained $14.50 over the last two weeks. LS380 dropped $3.50 to $632.00 making the premium for the low sulfur grade $14.50 pmt. MGO has made a gain each day this week, today up $8.00 to $917.50 pmt and up $29.00 since this point last week.

Fujairah IFO380 slipped $3.00 to $639.50 pmt to keep movement fairly flat over the last month, having made a change of $+8.50 with a spread of $15.50 in that time. MGO was down $1.50 to $1014.00 pmt.

Houston IFO380 ended a run of five consecutive market days of gains by falling $2.00 to $620.50 pmt today, but like many ports prices have been flat, with the product having gained $4.00 with a spread of $11.00 over the last two weeks. LS380 continued its downward trend by falling $9.00 to $689.00 today, while MGO climbed $10.50 to $1015.00 pmt, the highest price in just over a month.

Ship & Bunker News Team
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