Bunker prices up on Wednesday
Many ports saw small gains on Wednesday, however key price indicator ports Singapore and Houston both saw their first negative IFO380 price movement since last Friday.
Singapore IFO380 moved down $1.00 to $670.50 per metric tonne (pmt), while MGO moved down $0.50 to $989.50 pmt.
Hong Kong saw IFO380 gain for a second consecutive day moving up $0.50 to $688.00 pmt, and MGO dropped $2.00 to $997.00.
Rotterdam IFO380 was up for a second consecutive day gaining $1.00 to $653.00 pmt, 1.00% maximum sulfur 380 cSt product (LS380) was steady at $713.50, and MGO fell for the first time since August 14, 2012 losing $2.50 to $974.50 pmt.
Fujairah 380 cSt product moved up for the first time since August 17, 2012 climbing $1.50 to $681.50 pmt, while MGO fell $3.00 to $1018.50.
Houston IFO380 was down $0.50 to $660.50, LS380 gained for a seventh consecutive market day climbing $3.00 to $768.00 pmt, and MGO added $10.00 to bring the price to $1034.50.
LA / Long Beach IFO380 and LS380 both moved up for the first time since August 16, 2012, IFO380 climbing $13.00 to $661.00 pmt, and LS380 jumped $29.00 to $930.00 making the premium for LS380 $269.00 pmt.
The WTI spot price moved up for a second consecutive day gaining $0.58 to close at $96.98 per barrel.