World News
Bunker Prices Continue Down on Tuesday
Ship & Bunker data showed marine fuel prices continuing to fall on Tuesday, but losses were less significant than on Monday.
Key ports Singapore, Hong Kong, Rotterdam, Fujairah, Houston and LA / Long Beach all saw IFO380 fall for a second consecutive day with heavy fuel oil prices continuing to sit around the same levels seen this time last week.
Singapore IFO380 was down $5.00 to $614.00 making a week on week loss of $3.00, and MGO dropped $12.00 to $892.50 per metric tonne (pmt).
Hong Kong saw IFO380 fall $6.00 to $633.00, a gain of $2.50 on last Tuesday's price, while MGO lost $4.00 to $917.00 pmt.
Rotterdam IFO380 slipped $7.50 to $595.50 making a week on week loss of $3.50, and MGO dropped $9.50 to $890.50 pmt.
In Fujairah 380 cSt product fell $2.00 to $622.00 putting it level with last Tuesday's price, while MGO dropped for a third consecutive market day slipping $7.50 to $998.50 pmt.
Houston IFO380 moved down $9.50 to $605.00 with a week on week gain of $6.50, and MGO fell $16.00 to $948.50 pmt.
LA / Long Beach IFO380 dropped $2.50 to $626.00 pmt up $9.50 on last Tuesday's price.
The WTI spot price was up $0.37 bringing the closing price to $88.28 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 489.00 | 2.00 | 583.50 | 9.00 |
| Rotterdam | 439.00 | 6.00 | 587.50 | 6.00 |
| Houston | 437.50 | 6.00 | 597.00 | 4.50 |
| Fujairah | 478.00 | 9.00 | 703.50 | 7.50 |
| Global 20 Ports Average | 513.50 | 4.00 | 694.50 | 2.50 |
| Global 4 Ports Average | 461.00 | 5.50 | 618.00 | 6.50 |
| Global Average Bunker Price | 559.50 | 0.00 | 739.50 | 3.50 |
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