Americas bunker prices soft in the North, firm in the South
Many ports in South America saw small gains on Wednesday, with Montevideo making an exception to the trend by dropping $35.00 from its IFO380 price to $658.50 per metric tonne (pmt). In the North of the continent prices were mostly softening, but IFO380 did make a small gain in Norfolk, and the product also gained in San Francisco, Ship & Bunker reports.
Houston IFO380 was down $3.00 to $610.00 pmt rising $3.50 week-on-week and down $13.00 compared to October 22, 2012. Low sulfur 380 cSt product (LS380) fell $6.00 to $711.00 pmt up $2.00 on last Wednesday, making the premium for the low sulfur grade $101.00 today. MGO at the port rose for a third consecutive day up $3.00 to $1020.00 pmt and climbing $26.00 over the past week.
New York IFO380 dropped $3.50 to $628.50 pmt gaining $3.50 on last Wednesday's price, LS380 fell for a third consecutive day slipping $14.50 to $690.00 pmt and down $9.50 week-on-week. MGO in New York moved up for a third consecutive day gaining $4.00 to $1047.50 pmt rising $33.00 over the past two weeks and adding $13.50 to the October 22, 2012 price.
Los Angeles / Long Beach IFO380 fell double digits today dropping $19.50 to $670.50 pmt, just $2.50 above last Wednesday's price and up $22.50 over the previous three months. LS380 in the port slipped $27.50 to $756.50 adding $4.50 week-on-week and making today's premium for the Emissions Control Area (ECA) compliant fuel $86.50 pmt.
New Orleans 380 cSt product was down $4.50 to $617.00 pmt adding $6.00 to last week's price, down $12.50 over the past month. LS380 also moved down $6.00 to bring the price to $714.00, while MGO fell $1.00 to $1021.00 pmt up $15.00 over the past two weeks.
Vancouver IFO380 slid $1.50 to $651.50 pmt up $22.00 week-on-week and losing $19.50 over three months. LS380 dropped $3.00 to $917.00 making the premium for the low sulfur fuel $265.50 pmt. MGO in Vancouver fell $5.50 to $1098.00 pmt adding $18.50 to last Wednesday's price.