Bunker prices lack direction on Thursday
Key price indicator ports Singapore, Rotterdam, Fujairah and Houston all saw IFO380 prices rise, however overall bunker markets were somewhat mixed.
Singapore IFO380 and MGO climbed for the first time since August 27 gaining $3.00 to $673.00 per metric tonne (pmt) and $3.50 to $992.50 pmt respectively.
Hong Kong saw IFO380 drop for a second consecutive day and lose $0.50 to $684.00 pmt, while MGO was up $2.50 to $1006.00 pmt.
Rotterdam IFO380 was up $0.50 to $648.00, 1.00% maximum sulfur 380 cSt product (LS380) jumped $10.50 to $707.50 pmt, and MGO moved up $2.50 to $975.50 pmt.
Fujairah 380 cSt product and MGO ended two consecutive days of losses gaining $3.50 to $685.50 and $5.50 to $1039.00 pmt respectively.
Houston IFO380 and LS380 both ended three consecutive days of losses as IFO380 climbed $2.00 to $653.00, LS380 was steady at $750.50, and MGO gained $5.00 to $1044.00 pmt.
LA / Long Beach IFO380 fell for a third consecutive day dropping $2.00 to $689.00, while LS380 was steady at $959.00 pmt making the premium for the low sulfur grade $270 pmt.
Thursday saw WTI spot prices fall for a second consecutive day losing $0.87 to close at $94.62 per barrel.