World News
Daily Bunker Price Report, Tuesday April 09, 2013
A run of sharp drops for global bunker prices that started last week mostly came to an end today, with Ship & Bunker data showing price movements were, for the most part, mixed across world markets.
Most prices were still heading down across Asia today, but Singapore IFO380 was one exception to that and moved up $1.50 to $624.00 pmt, but is still down $16.50 over the last week. Low sulfur 380 cSt product (LS380) remained at $681.00, while MGO was also unchanged at $898.00 pmt today.
Markets lacked any clear direction in Europe and the wider EMEA region, but key port Rotterdam saw IFO380 gain $3.00 to $595.50 pmt. LS380 was up $1.50 to $609.00 making the premium for the low sulfur product $13.50 pmt, and MGO moved down $3.00 to $874.00 pmt keeping prices for the product at their lowest since July 2012.
Fujairah IFO380 was up for a second day gaining $2.50 to $626.50 pmt, and MGO at the port moved up $4.00 to $1012.50 pmt.
North American bunker prices were generally making gains today outside of the U.S. Gulf and Caribbean, where prices tended to be lower today.
Houston IFO380 was one of the ports in the region to see gains however, up $2.00 to $603.50 pmt. LS380 was down $1.00 to $681.00, and MGO slipped $1.00 to $988.50 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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