Daily Bunker Price Report, Friday May 3, 2013

IFO bunker prices made gains in Busan today.

Bunker prices ended the week firm in many key ports around the world, Ship & Bunker data showed, although some regions showed mixed movements on Friday.

Falling prices in a number of ports in East, and South East Asia were offset by gains for IFO bunkers in ports including Shanghai, Hong Kong, and Busan.

Singapore was another key port in the region making gains at the week's end, where IFO380 rose $7.50 to $613.50 per metric tonne (pmt) to correct most of the sharp drop made yesterday, for a week-on-week gain of $3.50 pmt. Low sulfur 380 cSt product (LS380) was up $2.50 to $647.00 pmt, $2.50 higher than last Friday's price, but has made no change over the last 2 weeks with a spread of $8.50 in that time. MGO edged up $0.50 to $850.00 pmt, $1.00 lower than this time last week.

Europe saw some ports make double-digit gains today, with Falmouth IFO380 rising $15.50 to $632.00 pmt.

Rotterdam IFO380 was up $6.00 to $585.50 pmt for a week-on-week gain of $3.00, and after 3 days of falling LS380 prices, the low-sulfur product moved up $11.00 to $602.50 for a week-on-week gain of $8.00. MGO moved up $4.00 to $827.00 pmt, ending the week $12.00 lower than last Friday.

Fujairah IFO380 was up $7.00 to $623.50 pmt, a gain of $9.50 over the week, and MGO moved up $5.50 to $1013.00 pmt for a week-on-week gain of $4.50.

While prices were rising across the America's, North America's Pacific Coast ended the week with some falling prices, notably in Los Angeles and Long Beach where IFO380 was down $8.50 to $613.00 pmt, rounding out a big drop over the week of $48.50.

Houston IFO380 was up $4.50 to end the week $10.00 higher than last Friday at $591.50 pmt, and LS380 moved up $6.00 to $652.00, $1.00 lower than last Friday's price. MGO moved up $3.00 to $954.00 pmt for a week-on-week change of $+1.00.