World News
Daily Bunker Price Report, Monday Feb 25, 2013
Bunker prices Monday were mostly continuing last week's downward trend, but Ship & Bunker data showed movements in Asia were smaller than those seen on Friday, while some gains were seen in North and Western Europe.
In East, and South East Asia key grade IFO380 fell between $0.50 and $6.00 per metric tonne (pmt), with Singapore the only port in the region to see the grade gain today, ending a run of seven consecutive market days of falling prices.
IFO380 at the port moved up $1.00 to $638.00 pmt for a week-on-week change of $-19.50, and up $7.00 over the last month. Low sulfur 380 cSt product (LS380) was up $1.00 to $736.00 making the premium for the Emissions Control Area (ECA) compliant fuel $98.00 pmt, while MGO rose $0.50 to $979.50 pmt.
Gains made in North and Western Europe were typically around $2.00 pmt for IFO, but were slightly larger in Hamburg and Falmouth.
Rotterdam IFO380 moved up $3.00 to $625.00 pmt for a week-on-week change of $-16.50, while LS380 moved up $1.50 to $663.50 to put the low sulfur premium at $38.50 pmt. MGO moved up $2.50 to $974.00 pmt.
Fujairah IFO380 slipped $2.50 to $652.50 pmt today, down $9.00 over the last week. MGO was steady at $1009.50 pmt, a change of $3.50 over the last two weeks.
Some markets in the Americas saw a few larger movements today, with IFO380 in LA / Long Beach falling $10.50 to $656.50 pmt, and IFO in Port of Spain dropping $24.00 pmt.
IFO380 in key port Houston was down $2.00 to $630.50 pmt, with LS380 at the port dropping $0.50 to $730.50 for a low sulfur premium of $100.00 pmt. MGO was down $6.50 to $1046.00 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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