World News
Daily Bunker Price Report, Tuesday Mar 19, 2013
Bunker prices were mostly trending down on Tuesday, although Ship & Bunker data showed movements in Europe were a little mixed today.
In East Asia, prices fell around $3.00 per metric tonne (pmt) for all grades, while South East Asia remained fairly flat.
Singapore IFO380 was unchanged at $633.00 pmt, but Low sulfur 380 cSt product (LS380) moved down $3.00 to $709.00 narrowing the low sulfur premium to $76.00 pmt. MGO slipped $0.50 to $919.50 pmt.
Europe and the wider EMEA region saw mixed movements today, and while there were a few exceptions, most IFO movements were $3.00 pmt or less.
Rotterdam IFO380 slipped $1.00 to $604.50 pmt, a change of $2.50 over the last two weeks and a spread of just $6.00 in that time. LS380 moved down $0.50 to $622.00 making the premium for the low sulfur grade $17.50 pmt, while MGO dropped $6.50 to $894.50 pmt.
Fujairah IFO380 was steady at $636.50 pmt today, while MGO in the port was up $3.50 to $1016.50 pmt.
Markets in South America were mostly unchanged today, but they were lower elsewhere in the Americas with most ports seeing prices drop $1.00 to $4.00 pmt.
Houston IFO380 fell $3.50 to $615.50 pmt, reversing yesterday's $3.00 gain for a change of $1.50 over the last week. LS380 moved down $4.00 to $699.00 making the premium for the Emissions Control Area (ECA) compliant fuel $83.50 pmt. MGO was down $5.50 to $1001.50 pmt, the lowest price seen for the product in Houston so far this year.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 7.00 | 617.00 | 6.00 |
| Rotterdam | 455.00 | 8.00 | 619.50 | 4.00 |
| Houston | 467.00 | 4.50 | 625.00 | 2.50 |
| Fujairah | 495.00 | 6.00 | 712.50 | 1.50 |
| Global 20 Ports Average | 524.50 | 4.50 | 710.50 | 4.00 |
| Global 4 Ports Average | 479.50 | 6.50 | 643.50 | 3.50 |
| Global Average Bunker Price | 570.50 | 2.00 | 747.50 | 5.50 |
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