Global bunker prices up on Monday
The week opened with the WTI spot price losing almost a dollar and some European ports seeing prices begin to fall after gains last Friday's, however key price indicator ports all saw IFO380 make small gains today, Ship & Bunker reports.
Singapore IFO380 was up for a second consecutive market day rising $0.50 to $656.50 per metric tonne (pmt), and MGO fell $1.00 to $967.50 pmt.
Hong Kong saw IFO380 move up for the first time since September 14, 2012 climbing $0.50 to $669.50, while MGO gained $5.50 to $984.00 pmt.
Rotterdam IFO380 climbed $2.00 to $634.00, 1.00% maximum sulfur 380 cSt product (LS380) lost $4.50 to $681.50 pmt, and MGO moved up for the first time since September 14, 2012 rising $5.50 to $962.00 pmt.
Fujairah 380 cSt product added $1.50 to bring the price to $656.00 pmt, while MGO dropped $0.50 to $1034.00 pmt.
Houston IFO380 notched up $0.50 to $644.50, LS380 fell $4.00 to $746.50, and MGO was down $2.00 to $1030.00 pmt.
LA / Long Beach IFO380 moved up for a fourth consecutive market day gaining $9.00 to $686.50 pmt, while LS380 slipped $1.50 to $838.50 pmt bringing the premium for the low sulfur fuel to $152.00 pmt.
Monday's WTI spot price was down $0.98 (-1.06%) to close at $91.63 per barrel.