World News
Bunker Prices Rise as the Week Opens
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.
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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