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.
