World News
Week Opens with Mixed Bunker Prices
The week began with mixed bunker price movements today, continuing to move downwards in many markets but with gains seen in a number of key ports.
In Singapore IFO380 prices were up $2.00 to $565.50 per metric tonne (pmt), while in Hong Kong 380 cSt product was down $1.00 to $584.00.
Rotterdam saw IFO380 prices gain $1.00 moving the price to $544.00, and in Gothenburg IFO380 fell $4.00 to $563.50, a new low for the month.
Fujairah 380 cSt grade fuel remained steady at $571.50 pmt and MGO rose $2.50 to $987.50.
In Houston IFO380 ended 4 days of down movements with the price gaining $1.50 and moving to $550.00 pmt.
LA / Long Beach saw gains across all grades with IFO380 rising $4.50 to $567.00, breaking 11 consecutive days of losses.
Crude saw Monday's WTI spot price drop $0.35 to close at $79.01 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 491.00 | 2.50 | 592.50 | 16.50 |
| Rotterdam | 445.00 | 13.00 | 593.50 | 11.00 |
| Houston | 443.50 | 6.50 | 601.50 | 5.50 |
| Fujairah | 487.00 | 10.50 | 711.00 | 12.00 |
| Global 20 Ports Average | 517.50 | 1.50 | 697.00 | 3.00 |
| Global 4 Ports Average | 466.50 | 3.50 | 624.50 | 0.00 |
| Global Average Bunker Price | 559.50 | 2.50 | 736.00 | 2.00 |
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