World News
Prices Mixed Across the Major Ports
Tuesday April 24, 2012
Prices across the major ports were generally mixed again today, as crude closed up 39 cents at $103.16 a barrel.
In Northern Europe, Rotterdam prices for HSFO product firmed, with LS380 and LS180 continuing downward for the week.
Meanwhile in the Mediterranean and Black Sea, Piraeus prices softened across all grades.
A generally mixed Americas market saw West Coast Los Angeles gaining across all grades for a second day while prices Houston were holding.
Numbers in Asia began to rise, with key ports Singapore, Tokyo and Hong Kong all reporting slight gains today.
Middle East port Fujairah saw gains on all product prices, while Cape Town softened slightly.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| LA / LB | 576.50 | 1.50 | 715.50 | 8.00 |
| Singapore | 553.00 | 29.50 | 659.50 | 31.00 |
| Rotterdam | 505.50 | 18.00 | 667.00 | 34.00 |
| Piraeus | 601.50 | 12.50 | 728.00 | 23.00 |
| Hong Kong | 550.00 | 18.00 | 655.50 | 27.00 |
| Fujairah | 539.50 | 27.50 | 728.00 | 14.50 |
| Houston | 521.50 | 27.00 | 675.50 | 32.00 |
| Global 20 Ports Average | 559.50 | 18.00 | 744.00 | 21.00 |
| Global 4 Ports Average | 530.00 | 25.50 | 682.50 | 28.00 |
| Global Average Bunker Price | 592.00 | 13.50 | 782.50 | 14.50 |
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