World News
Thursday Global Bunker Markets Continue to Firm
Thursday's markets followed Wednesday's movements with the largest markets showing mostly small to moderate gains.
Singapore IFO380 was up for a second day in a row this week moving $4.50 to $594.50, while MDO showed a double digit gain of $15.00 bringing the price up to $878.00 per metric tonne (pmt).
Hong Kong's 380 cSt product moved up $8.50 to $610.50 whilst MDO also moved up, rising $6.00 to $872.00.
Europe saw mostly small to moderate gains, with Rotterdam IFO380 moving up $3.00 to $576.00 while MGO moved up $5.00 to $854.50.
Gothenburg followed a similar trend with IFO380 moving up $5.00 to $597.50 but distillates held steady with MDO and MGO staying at $832.50 and $892.50 respectively.
In the U.S. Gulf, Houston continued on its recent upward trend with prices rising for all grades, IFO380 moving up $9.00 to $589.00 and MDO moving up $8.00 to $886.50 pmt.
New York also continued to firm with both IFO380 and MGO moving up $6.50 to $592.00 and $897.50 respectively.
LA / Long Beach firmed with IFO380 moving $0.50 to $640.00 and MDO moving $4.00 to $1031.50.
Crude softened for the first time this week with WTI trimming $0.20 to close down at $84.82.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 509.00 | 4.50 | 623.00 | 3.00 |
| Rotterdam | 463.00 | 7.00 | 623.50 | 2.00 |
| Houston | 471.50 | 4.50 | 627.50 | 3.50 |
| Fujairah | 501.00 | 4.50 | 714.00 | 1.00 |
| Global 20 Ports Average | 529.00 | 2.50 | 714.50 | 2.50 |
| Global 4 Ports Average | 486.00 | 3.00 | 647.00 | 2.50 |
| Global Average Bunker Price | 572.50 | 2.00 | 753.00 | 2.00 |
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