World News
Daily Bunker Price Report, Tuesday Feb 26, 2013
Global bunker prices were still heading down on Tuesday, but Ship & Bunker data showed bunker price gains were made in ports in the Mediterranean and Black Sea, and North American Atlantic region.
In the Asia / Pacific region, bunker prices were fairly steady with a small drop in prices seen predominantly in East Asia.
Singapore IFO380 continued its downward momentum, today falling $2.00 to $636.00 per metric tonne (pmt) after yesterday's solitary gain of $1.00 pmt in a run of otherwise daily drops that began on February 14, 2013. Low sulfur 380 cSt product (LS380) dropped $5.50 to $730.50 making the premium for the Emissions Control Area (ECA) compliant fuel $94.50 pmt, and MGO slipped $0.50 to $979.00 pmt.
In the EMEA region, Mediterranean and Black Sea ports saw prices gain today, with key grade IFO380 up around $4.00 pmt.
Prices elsewhere in the EMEA region were down, with IFO380 falling as much as $12.50 in Falmouth.
Rotterdam IFO380 was down $6.00 to $619.00 pmt for a week-on-week change of $-19.50. LS380 was down $11.50 to $652.00 putting the low sulfur premium at $33.00 pmt, while MGO fell $12.50 to $961.50 pmt.
Fujairah IFO380 continued its run of small downward movements falling $2.50 to $650.00 pmt today for a change of $-10.00 since last week. MGO was up $2.00 to $1011.50 pmt.
Most ports in North America were down today, but North American Atlantic ports added around $1.50 pmt to their IFO380 prices.
Houston IFO380 dropped $1.00 to $629.50 pmt to make it an eighth consecutive market day of falling prices. LS380 dropped $2.00 to $728.50 to put the ECA compliant fuel's premium over IFO380 at $99.00 pmt. MGO moved down $1.50 to $1044.50 pmt.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 7.00 | 617.00 | 6.00 |
| Rotterdam | 455.00 | 8.00 | 619.50 | 4.00 |
| Houston | 467.00 | 4.50 | 625.00 | 2.50 |
| Fujairah | 495.00 | 6.00 | 712.50 | 1.50 |
| Global 20 Ports Average | 524.50 | 4.50 | 710.50 | 4.00 |
| Global 4 Ports Average | 479.50 | 6.50 | 643.50 | 3.50 |
| Global Average Bunker Price | 570.50 | 2.00 | 747.50 | 5.50 |
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