Bunker prices remain mixed as week opens
Global bunker prices remained mixed on Monday, with North America and Asia making some gains while much of Europe moved down. Key indicator ports Singapore, Rotterdam and Fujairah all saw IFO380 move up for the first time since September 4, 2012, Ship & Bunker reports.
Singapore IFO380 was up $3.50 to $680.00 per metric tonne (pmt), and MGO climbed for the first time since September 4, 2012 gaining $3.00 to $996.00 pmt.
Hong Kong saw IFO380 move up for a second consecutive market day adding $1.00 to bring the price to $691.00, while MGO gained $1.50 to $1010.50 pmt.
Rotterdam IFO380 climbed $1.00 to $655.00 pmt, 1.00% maximum sulfur 380 cSt product (LS380) was up $2.00 to $722.50, and MGO added $3.50 to bring the price to $982.00 pmt.
Fujairah 380 cSt product rose $4.50 to $689.50 pmt making it a slim $0.50 week-on-week gain, while MGO climbed $0.50 to $1039.50.
Houston IFO380 and LS380 were up for a second consecutive day gaining $4.00 to $657.50 and $0.50 to $758.50 pmt respectively, and MGO added $6.00 bringing the price to $1051.50 pmt.
LA / Long Beach IFO380 moved up for a second consecutive market day climbing $6.00 to $688.50 pmt.
Monday's WTI spot price gained for a fourth consecutive market day rising $0.12 to close at $96.54 per barrel.