World News
Bunker Prices Firm at the Start of the Week
Ship & Bunker data today showed the week began with rising marine fuel prices in many ports as bunker prices continue to follow crude as it climbs.
Singapore IFO380 and MGO continued to climb for a third consecutive market day up $4.50 to $603.00 and $5.50 to $875.50 per metric tonne (pmt)Â respectively.
Hong Kong saw IFO380 move up for a fourth consecutive market day gaining $6.00 to $618.00 but still sits below the month's high of $627.50 on July 5, 2012, while MDO was up $3.00 to $879.00 pmt.
Rotterdam IFO380 and MGO gained for a second consecutive market day climbing $7.00 to $588.00 and $9.50 to $878.50Â pmt respectively.
In Fujairah 380 cSt product was up for a third consecutive market day gaining $2.50 to $612.00, while MGO moved up $8.00 to $998.00 pmt.
Houston IFO380 moved up for a second consecutive market day climbing $4.50 to $588.50, and MGO gained for a fifth consecutive market day moving up $5.50 to $924.00 pmt.
LA / Long Beach IFO380 was up on Monday gaining $2.00 to $615.50.
Monday's WTI spot price was up $1.33 (1.53%) to bring the closing price to $88.43 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 504.50 | 2.50 | 620.00 | 3.00 |
| Rotterdam | 456.00 | 1.50 | 621.50 | 2.00 |
| Houston | 476.00 | 7.00 | 624.00 | 1.00 |
| Fujairah | 496.50 | 2.00 | 713.00 | 2.50 |
| Global 20 Ports Average | 526.50 | 0.50 | 712.00 | 0.50 |
| Global 4 Ports Average | 483.00 | 2.00 | 644.50 | 0.50 |
| Global Average Bunker Price | 570.50 | 1.50 | 751.00 | 1.00 |
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