Many ports saw positive marine fuel price movements on Monday, and key indicator ports Singapore, Rotterdam and Houston all saw IFO380 move up for a third consecutive market day.
Singapore IFO380 and MGO both moved up $4.50 to bring the price to $679.00 per metric tonne (pmt) and $1000.50 pmt respectively.
Hong Kong saw IFO380 move down $0.50 to $690.00 pmt, while MGO was up for a third consecutive market day gaining $3.00 to $1012.50 pmt.
Rotterdam IFO380 climbed $2.50 to $653.00 pmt, 1.00% maximum sulfur 380 cSt product (LS380) gained $7.00 to $717.50 and MGO was up $4.50 to $985.00 pmt.
Fujairah 380 cSt product moved up $3.50 to $689.00 pmt, while MGO was down for a second consecutive market day losing $1.50 to $1035.00 pmt.
Houston IFO380, LS380 and MGO all made gains on quiet Labor Day holiday Monday. IFO380 was up $14.00 to $668.00, LS380 gained $10.50 to $763.50, and MGO added $11.00 to bring the price to $1054.00 pmt.
LA / Long Beach saw both IFO380 and LS380 slip as IFO380 lost $2.00 to $688.50 pmt and LS380 moved down $1.00 to $960.00 bringing the premium for the low sulfur fuel to $271.50 pmt.
U.S. crude markets were closed today for the national holiday.
