Bunker prices continue to rise on Tuesday
LA / Long Beach IFO380 and LS380 moved down for a second consecutive day, Ship & Bunker reports. Marine fuel prices generally continued to make steady gains Tuesday although some ports in the U.S., Western Europe, and Asia saw negative movements, while South American prices were largely steady.
Singapore IFO380 rose for a seventh consecutive market day climbing $2.50 to $658.50, while MGO fell for the first time since August 3, 2012 losing $2.50 to $968.00 per metric tonne (pmt).
Hong Kong saw IFO380 and MGO make a loss for the first time since August 2, 2012 falling $0.50 to $674.00 and $3.00 to $975.50 pmt respectively.
Rotterdam IFO380 gained for a seventh consecutive market day up $1.50 to $642.50, 1.00% maximum sulfur 380 cSt product (LS380) was down for the first time since August 1, 2012, falling $0.50 to $702.00 pmt, and MGO was steady at $951.50 pmt.
Fujairah 380 cSt product was up for a tenth consecutive market day gaining $3.50 to $672.00 pmt, while MGO climbed for a second consecutive market day up double-digits $11.00 to $1021.50.
Houston IFO380 climbed for an eighth consecutive market day rising $1.50 to $642.50, LS380 was up $0.50 to $744.00 pmt, and MGO was also up $0.50 climbing to $1000.00 pmt.
LA / Long Beach IFO380 and LS380 moved down for a second consecutive day falling $3.00 to $663.50 and $9.00 to $916.00 respectively, bringing the premium for LS380 in the West Coast port down to $252.50 pmt.
The Tuesday WTI spot price gained for the first time since August 10, 2012 up $0.70 to close at $93.43 per barrel.