Friday Sees Week-on-Week Gains For Bunker Prices

Rotterdam IFO380 fell after nine consecutive days of gains.

The week closed with falling IFO380 prices in key indicator ports Singapore, Rotterdam and Houston, but it was still a week of overall gains and many other ports continued on the upward trend seen throughout the week.

Singapore IFO380 fell $0.50 to $668.50 and finishing the week $14.50 higher than last Friday, while MGO continued upwards for a third consecutive day rising $5.50 to $989.00 per metric tonne (pmt) and up $24.50 on last Friday's price.

Hong Kong saw IFO380 and MGO climb for a third consecutive day, IFO380 up $6.50 to $689.50 pmt making a week-on-week gain of $21.00, and MGO gained $10.00 to $997.50 ending the week up $27.50 on last Friday.

Rotterdam IFO380 and 1.00% maximum sulfur 380 cSt product (LS380) were down, IFO380 ending nine consecutive days of gains and dropping $2.50 to $651.50 pmt for a week-on-week gain of $14.00, and LS380 fell $3.50 to $708.50.

MGO in the port gained $4.00 to $971.00 pmt.

Fujairah 380 cSt product was up $2.00 to $681.00 pmt ending the week $16.00 up on last Friday, and MGO was down $3.00 to $1023.00 also up $16.00 on last Friday's price.

Houston IFO380 fell $0.50 to $658.00 pmt to make a week-on-week gain of $17.50, LS380 moved up $4.50 to $759.50 making the premium for the grade $101.50, and MGO was up $6.50 to $1020.00 pmt.

LA / Long Beach IFO380 finished the week down $11.00 on last Friday's price falling $3.50 to $660.00 pmt, while LS380 was down $5.00 to $919.00 bringing the premium for LS380 to $259.00 pmt.

WTI closed the week up for a fourth consecutive day gaining $0.41 to close at $96.01 per barrel.