Monday bunker fuel markets were mixed with Ship & Bunker data showing IFO380 prices softening in key indicator ports Rotterdam and Fujairah, while Singapore and Houston saw small gains, Ship & Bunker reports.
Singapore IFO380 was up $0.50 to $669.00, while MGO ended three consecutive market days of gains remaining steady at $989.00 per metric tonne (pmt).
Hong Kong saw IFO380 and MGO fall for the first time since 14 August, 2012, IFO380 losing $3.50 to $686.00 pmt and MGO dropping $4.00 to $993.50.
Rotterdam IFO380 was down for a second consecutive market day dropping $1.00 to $650.50, 1.00% maximum sulfur 380 cSt product (LS380) was up $1.50 to $965.00 pmt, and MGO gained for a fourth consecutive market day adding $2.50 to put the price at $973.50 pmt.
Fujairah 380 cSt product moved down $0.50 to $680.50 pmt, while MGO fell for a second consecutive market day dropping $1.50 to $1021.50 pmt.
Houston IFO380 and LS380 both moved up today gaining $1.00 to $659.00 and $1.50 to $761.00 respectively making the premium for LS380 $102.00 pmt, and MGO added $5.50 to move the price to $1025.50 pmt.
LA / Long Beach IFO380 and LS380 fell for a second consecutive market day, IFO380 dropping $3.50 to $656.50 and LS380 slid $10.00 to $909.00 pmt reducing the premium for LS380 to $252.50 pmt.
Monday saw the WTI spot price fall for the first time since August 13, 2012 dropping $0.04 to close at $95.97 per barrel.
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