Mixed Bunker Prices as Week Ends

by Ship & Bunker News Team
Friday August 24, 2012

Global bunker prices were mixed at the end of the week, however all key indicator ports saw IFO380 make overall week-on-week gains.

Singapore IFO380 was down $3.50 to $674.50 to make the week-on-week gain $6.00, while MGO moved up for a second consecutive market day climbing $0.50 to $999.00 per metric tonne (pmt) and a $10 gain on last Friday's price.

Hong Kong saw IFO380 remain steady at $693.00 pmt and finishing the week $4.00 higher than last Friday, and MGO rose $7.50 to $1009.50 and up $12.00 week-on-week.

Rotterdam IFO380 and 1.00% maximum sulfur 380 cSt product (LS380) both fell with IFO380 dropping $3.50 to $657.00 pmt making it a gain of $5.50 on last Friday's price and LS380 lost $11.50 to $711.50. MGO in the port was up $2.50 to $986.00 pmt.

Fujairah 380 cSt product slipped $3.00 to $688.50 for a week-on-week gain of $7.50 pmt, while MGO gained $6.50 to $1037.00 pmt and adding $14.00 to last Friday's price.

Houston IFO380 and LS380 both moved up with IFO380 gaining $0.50 to $663.00 pmt making a week-on-week gain of $5.00 and LS380 climbed $2.50 to $765.50. MGO fell $1.00 to $1039.00 pmt.

LA / Long Beach IFO380 and LS380 prices saw relatively large movements on Friday. IFO380 was up $28.50 to $689.50 gaining $29.50 on last Friday's price, and LS380 jumped $29.00 to $959.00 pmt making the premium for the low sulfur grade $269.50 pmt.

The WTI spot price closed the week by moving down for a second consecutive day dropping $0.12 to close at $95.85 per barrel.

Ship & Bunker News Team
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