Global bunker prices up on Monday
The week opened with bunker fuel prices remaining mainly firm, but Ship & Bunker data showed some negative movements in the U.S., while in Europe prices were showing some signs of slowing.
Singapore IFO380 and MGO were up for a sixth consecutive market day, IFO380 gaining $2.00 to $656.00 per metric tonne (pmt), while MGO moved up $6.00 to $970.50 pmt.
Hong Kong saw IFO380 and MGO gain for a seventh consecutive market day up $6.00 to $674.50 and $8.50 to $978.50 pmt respectively.
Rotterdam IFO380 was up for a sixth consecutive market day climbing $3.50 to $641.00, while MGO ended seven consecutive market days of gains and moved down $0.50 to $951.50 pmt.
Fujairah 380 cSt product continued to climb for a ninth consecutive market day up $3.50 to $668.50 pmt, and MGO also gained $3.50 to bring the price to $1010.50 pmt.
In Houston IFO380 moved up for a seventh consecutive market day rising $0.50 to $641.00, 1.00% maximum sulfur 380 cSt product (LS380) was down $6.00 to $743.50, while MGO slipped $1.50 to $999.50 and ended six consecutive market days of gains.
LA / Long Beach saw IFO380 and LS380 end five consecutive market days of positive movements and fall $4.50 to $666.50 and $5.00 to $925.00 pmt respectively.
The WTI spot price moved down for a second consecutive market day dropping $0.14 to close at $92.73 per barrel.