World News
Daily Bunker Price Report, Tuesday Feb 19, 2013
For a second day there was little change for bunker prices in Asia, and Ship & Bunker data showed the movements that took place today in East, and South East Asia were small losses. In South Asia, Pakistan saw bunkers jump up as much as $27.00 per metric tonne (pmt).
Singapore IFO380 dropped for a fourth consecutive market day, down $4.00 to $653.50 pmt. Low sulfur 380 cSt product (LS380) rose $0.50 to $752.00 making the premium for the Emissions Control Area (ECA) compliant fuel $98.50 pmt. MGO slipped $4.00 to $993.00 pmt.
Europe, Middle Eastern, and African markets also saw mostly small changes today, with the overall sentiment being that of softening bunker prices throughout the region.
Rotterdam IFO380 was down $3.00 to $638.50 pmt, having fallen for the last four consecutive market days and is down $8.00 in that time. LS380 slipped $7.50 to $682.50 making the premium for the low sulfur fuel $44.00 pmt, while MGO remained steady at $1001.00 pmt.
Fujairah IFO380 was down $1.50 to $660.00 pmt for a week-on-week change of just $+1.00, while MGO was up $1.00 to $1009.50 pmt.
Bunker prices in North America were also soft today, with many ports recording no change. Most ports in the U.S. Gulf and Caribbean saw IFO380 slip between $1.00 and $2.00 pmt.
Houston IFO380 moved down $1.50 to $651.00 pmt meaning the grade has only gained on one day over the last week, but is only down $1.50 in that time. LS380 moved up $2.50 to $745.50 making the premium for the low sulfur fuel $94.50 pmt, and MGO gained $1.50 to $1063.50 pmt.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 4.50 | 602.50 | 2.50 |
| Rotterdam | 468.50 | 3.00 | 609.00 | 7.00 |
| Houston | 470.50 | 4.50 | 608.00 | 8.00 |
| Fujairah | 494.50 | 8.50 | 706.00 | 6.00 |
| Global 20 Ports Average | 528.00 | 4.00 | 703.00 | 3.00 |
| Global 4 Ports Average | 484.00 | 5.00 | 631.50 | 2.00 |
| Global Average Bunker Price | 567.50 | 2.50 | 750.00 | 5.50 |
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