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2012 July 12   10:41

Bunker prices lack direction in many ports on Wednesday

Bunker prices lacked direction on Wednesday, with many regions seeing mixed movements, Ship & Bunker reports. Singapore IFO380 moved down for the fourth consecutive market day falling $1.00 to $591.50, while MGO dropped $0.50 to $861.00 per metric tonne (pmt).

Hong Kong saw IFO380 gain $0.50 to $605.00 pmt ending three consecutive market days of losses, and MDO moved up $6.50 to $876.50.

Rotterdam 380 cSt product ended three consecutive market days of losses moving up $0.50 to $575.00, while MGO gained $8.00 to put the price at $870.00 pmt.

In Fujairah IFO380 fell for the fourth consecutive market day, the price dropping $3.50 to $595.50, and MGO moved up for a second consecutive day gaining $3.50 to put the price at $993.50.

Houston saw IFO380 drop $1.50 moving the price to $578.50 pmt, while MGO moved up for a second consecutive day gaining $6.00 to $910.00 pmt.

LA / Long Beach IFO380 was steady on Wednesday, the price remaining at $603.00 pmt.

The Wednesday WTI spot price was up $1.90 to bring the closing price to $85.81 per barrel.

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