World News
Daily Bunker Price Report, Wednesday May 8, 2013
After a firm start to the week, global bunker price movements were mixed on Wednesday, with Ship & Bunker data showing prices soften in North America, but continue to firm in Europe.
Price movements in Asia were mixed overall, and key port Singapore saw IFO380 drop $2.00 to $620.00 per metric tonne (pmt) for a week-on-week change of $+5.00. Low sulfur 380 cSt product (LS380) was steady at $658.50, while MGO slipped $1.00 to $864.50 pmt.
Rotterdam IFO380 was steady at $595.50 pmt, but LS380 moved up $2.50 to $619.00 making the premium for the low sulfur product $23.50 pmt. MGO was up $6.50 to $847.00 pmt.
Fujairah IFO380 dropped $2.50 to $629.00 pmt for a gain of $7.50 over the last week, and MGO moved up $3.00 to $1012.00 pmt.
Houston IFO380 ended its run of three consecutive market days of gains falling $2.50 to $603.00 pmt. LS380 moved down $6.00 to $656.00 making the premium for the low sulfur grade $53.00 pmt. MGO was down $5.50 to $971.50 pmt, but is still up $12.00 over the last week.
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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