World News
Week Ends with Small Mixed Bunker Price Movements
Global bunker prices were somewhat mixed Friday with the U.S. and Asia mostly steady, while Europe made small gains. Key indicator ports Singapore and Rotterdam made small week-on-week gains, while Fujairah and Houston saw modest losses compared to last Friday.
Singapore IFO380 and MGO moved down for a third consecutive day as IFO380 dropped $2.00 to $676.50 for a week-on-week gain of $2.00, and MGO fell $2.50 to $993.00 per metric tonne (pmt).
Hong Kong saw IFO380 move up $0.50 to $690.00, equal to last Friday's price, while MGO slid for a third consecutive day losing $1.00 to $1009.00 pmt.
Rotterdam IFO380 and 1.00% maximum sulfur 380 cSt product (LS380) both moved down for a third consecutive day. IFO380 lost $0.50 to $654.00 gaining $4.00 on last Friday's price and LS380 dropped $2.50 to $720.50. MGO in Rotterdam was steady at $978.50 for a week-on-week loss of $2.00 pmt.
Fujairah 380 cSt product continued down for a third consecutive day losing $4.50 to $685.00 pmt and a week-on-week loss of $0.50, while MGO was down $1.00 to $1039.00 up $2.50 pmt on last Friday's price.
Houston IFO380, LS380 and MGO all ended two days of negative movements. IFO380 climbed $1.00 to $653.50 losing $0.50 on last Friday's price, LS380 was up $9.00 to $758.00, and MGO gained $3.00 to $1045.50 pmt.
LA / Long Beach IFO380 moved up for the first time since last Friday adding $10.50 to $682.50 for a week-on-week loss of $8.00 pmt.
The WTI spot price ended the week climbing for a third consecutive day up $0.89 to close at $96.42 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 493.50 | 0.00 | 609.00 | 3.00 |
| Rotterdam | 432.00 | 18.00 | 582.50 | 17.00 |
| Houston | 450.00 | 8.00 | 607.00 | 11.00 |
| Fujairah | 476.50 | 6.50 | 699.00 | 4.00 |
| Global 20 Ports Average | 516.00 | 5.00 | 700.00 | 5.50 |
| Global 4 Ports Average | 463.00 | 8.00 | 624.50 | 7.00 |
| Global Average Bunker Price | 562.00 | 2.00 | 738.00 | 3.50 |
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