Falling bunker prices were seen once again in many ports on Wednesday, with much of South America's IFO prices remaining steady.
Singapore IFO380 and MGO fell for a second consecutive day, IFO380 slipping $4.50 to $670.00 per metric tonne (pmt) and MGO down $7.50 to $989.00 pmt.
Hong Kong saw IFO380 and MGO fell $7.50 to $684.50 and $8.50 to $1003.50 pmt respectively, with IFO380 making a week-on-week loss of $3.50 pmt.
Rotterdam IFO380, 1.00% maximum sulfur 380 cSt product (LS380) and MGO all made losses for a second consecutive day. IFO380 dropped $5.00 to $647.50 pmt, LS380 was down $9.50 to $697.00 and MGO was down $11.50 to $973.00 pmt.
Fujairah 380 cSt product and MGO were down for a second consecutive day, IFO380 dropping $4.50 to $682.00 pmt and MGO losing $3.00 to bring the price to $1033.50.
Houston IFO380 and LS380 fell for a third consecutive market day. IFO380 was down $5.00 to $651.00, LS380 slipped $4.00 to $750.50, and MGO made a gain of $2.00 moving the price to $1039.00 pmt.
LA / Long Beach saw IFO380 lose $0.50 to $691.00, while LS380 gained $4.00 to bring the price to $959.00 pmt making the premium for the low sulfur grade $268.00 pmt.
The mid-week WTI spot price fell $0.84 to close at $95.49 per barrel.
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