World News
Markets Open with Soft Bunker Prices
Bunker markets were generally falling on Monday, with key indicator ports Singapore, Rotterdam, Fujairah, and Houston all seeing IFO380 drop between $3.00 and $5.00 pmt.
Singapore IFO380 was down $3.50 to $640.00 per metric tonne (pmt), and MGO fell for a fourth consecutive market day dropping $4.00 to $964.00 pmt.
Hong Kong saw IFO380 move down for a fourth consecutive market day slipping $4.00 to $653.00 pmt, while MGO lost $6.50 to bring the price to $984.00 pmt.
Rotterdam IFO380 fell $4.00 to $617.50 pmt, low sulfur 380 cSt product (LS380) was down for a fourth consecutive market day dropping $12.00 to $642.50 pmt, and MGO lost $11.50 to $979.50.
Fujairah 380 cSt product slipped $5.00 to $637.50 pmt, while MGO moved up for the first time since October 16, 2012 gaining $0.50 to $1032.00 pmt.
Houston IFO380 dropped for a fifth consecutive market day down $3.00 to $623.00, LS380 lost $2.50 to bring the price to $725.00 pmt, and MGO fell $8.50 to $1043.00 pmt.
LA / Long Beach IFO380 and LS380 both fell $6.00 to $675.00 and $748.00 respectively, putting the premium for the low sulfur product at $73.00 pmt.
The Monday WTI spot price moved down $1.32 (-1.47%) to close at $88.73 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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