World News
Global Bunker Prices Fall During October
Global bunker prices fell during the month of October, Ship & Bunker data has shown, with many ports seeing IFO380 prices fall back from their mid September highs, to just below the level they were at 3 months ago.
Singapore IFO380 fell $34.50 during the month, starting at $654.00 per metric tonne (pmt), peaking just $0.50 higher at $654.50 the following day, and ending the month at $619.50 pmt.
For the three months ended October 31, 2012, IFO380 was down just $9.00 from $628.50 pmt on July 1, 2012 having peaked during the period at $691.50 pmt on September 14, 2012.
Rotterdam IFO380 dropped $36.50 having started the month at $634.00 pmt, falling to $597.50 pmt after a high of $635.50 on October 2, 2012.
For the three month period the product was down $14.00 after a high of $668.50 on September 14, 2012.
Fujairah 380 cSt product fell $35.00 in October, never rising past $656.00 pmt recorded on October 1, 2012, and ended the month at $621.00 pmt.
July 1, 2012's price was $636.00 making the 3 month change a drop of $15.00 after a high of $700.50 on September 4, 2012.
Houston IFO380, like Rotterdam, was down $36.50 over the month, starting at $645.00, also the highest price in that time, and ending at $608.50.
The product was $620.50 pmt on July 1, 2012 making it a fall of $12.00 over the three months ended October 31, 2012.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Houston | 467.00 | 4.50 | 625.00 | 2.50 |
| Singapore | 502.00 | 7.00 | 617.00 | 6.00 |
| Rotterdam | 455.00 | 8.00 | 619.50 | 4.00 |
| 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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