World News
Bunker Prices Lack Direction as Week Opens
Marine fuel prices were mixed on Monday, however key price indicator ports Singapore, Rotterdam, Fujairah and Houston all saw IFO380 make small losses.
Singapore IFO380 moved down $2.50 to $689.50 per metric tonne (pmt), and MGO moved up for a second consecutive market day gaining $4.50 to $1008.00 pmt.
Hong Kong saw IFO380 drop $3.00 to $702.00, while MGO climbed for a fourth consecutive market day adding $4.00 to bring the price to $1018.00 pmt.
Rotterdam IFO380 fell $1.50 to $667.00 pmt, 1.00% maximum sulfur 380 cSt product (LS380) dropped $4.50 to $729.00, and MGO moved down for the first time since September 11, 2012 losing $2.00 to $1003.50 pmt.
Fujairah 380 cSt product dropped for the first time since September 11, 2012 falling $6.00 to $694.00, while MGO was up for a fourth consecutive market day gaining $9.00 to $1064.00 pmt.
Houston IFO380 and LS380 fell for the first time since September 6, 2012 losing $1.00 to $675.00 and $2.00 to $777.00 pmt respectively, and MGO was up for a fourth consecutive market day gaining $3.00 to $1064.00 pmt.
LA / Long Beach IFO380 moved up $15.00 to $677.50 pmt ending three consecutive market days of losses.
The week opened with the WTI spot price moving down for the first time since September 12, 2012 and losing $2.38 (-2.40%) to close at $96.62 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 493.50 | 0.00 | 609.00 | 3.00 |
| Rotterdam | 432.00 | 18.00 | 582.50 | 17.00 |
| Houston | 450.00 | 8.00 | 607.00 | 11.00 |
| Fujairah | 476.50 | 6.50 | 699.00 | 4.00 |
| Global 20 Ports Average | 516.00 | 5.00 | 700.00 | 5.50 |
| Global 4 Ports Average | 463.00 | 8.00 | 624.50 | 7.00 |
| Global Average Bunker Price | 562.00 | 2.00 | 738.00 | 3.50 |
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