World News
Tuesday Bunker Prices Mixed
Ship & Bunker data showed bunker prices were moving down in Latin America today, but other regions saw small mixed movements. Key indicator port Singapore saw IFO380 steady, while Rotterdam, Fujairah, and Houston all made small gains.
Singapore IFO380 was steady at $656.50 per metric tonne (pmt), and MGO moved down for a second consecutive day losing $1.50 to $966.00 pmt.
Hong Kong saw IFO380 move up for a second consecutive day gaining $3.50 to $673.00 pmt, while MGO was down $2.00 to $982.00 pmt.
Rotterdam IFO380 was up for a third consecutive market day climbing $2.00 to $636.00, 1.00% maximum sulfur 380 cSt product (LS380) gained $7.00 to $688.50, and MGO moved up a second consecutive day rising $4.50 to $966.50 pmt.
Fujairah 380 cSt product climbed for a third consecutive market day gaining $1.50 to $657.50 pmt, while MGO was up $1.00 to $1035.00 pmt.
Houston IFO380 gained $3.00 to $647.50, LS380 was down for a second consecutive day losing $5.00 to $741.50 pmt, and MGO moved up $1.50 to $1031.50 pmt.
LA / Long Beach IFO380 moved down $15.00 to $671.50, and LS380 slipped $12.00 to $826.50 pmt making the premium for low sulfur grade $155.00 pmt.
The WTI spot price moved down for a second consecutive day losing $0.64 to close at $90.99 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 493.50 | 8.50 | 606.00 | 11.00 |
| Rotterdam | 450.00 | 5.00 | 599.50 | 20.00 |
| Houston | 458.00 | 9.00 | 618.00 | 7.00 |
| Fujairah | 483.00 | 12.00 | 703.00 | 9.50 |
| Global 20 Ports Average | 521.00 | 3.50 | 705.50 | 5.00 |
| Global 4 Ports Average | 471.00 | 8.50 | 631.50 | 12.00 |
| Global Average Bunker Price | 564.00 | 6.50 | 741.50 | 6.00 |
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