Many ports saw another day of slowly rising bunker prices with key indicator ports Singapore, Rotterdam, Fujairah and Houston all seeing IFO380 move up between $1.50 and $6.00 pmt, Ship & Bunker reports.
Singapore IFO380 gained $6.00 to $686.00 per metric tonne, $6.00 higher than last Wednesday, and MGO moved up $3.50 to $998.00 pmt.
Hong Kong saw IFO380 climb for a fourth consecutive market day rising $2.50 to $703.50 pmt, the highest price since September 4, 2012, while MGO was up $3.50 to $1010.50 pmt.
Rotterdam IFO380 and 1.00% maximum sulfur 380 cSt product (LS380) moved up for a third consecutive market day gaining $3.50 to $661.50 and $2.00 to $753.00 respectively, and MGO rose $13.00 to $994.50 pmt.
Fujairah 380 cSt product was up $1.50 to $689.50 pmt, while MGO gained $8.50 to $1048.00 pmt, the highest price since September 4, 2012.
Houston IFO380 and LS380 made gains for a fourth consecutive market day with both grades climbing $4.50, IFO380 rising to $665.00 and LS380 to $767.50 pmt. MGO at Houston moved up $3.00 to $1053.00 pmt.
LA / Long Beach IFO380 moved down $14.00 to $679.00 making a week-on-week loss of $0.50 pmt.
The WTI spot price moved down for the first time since September 5, 2012 losing $0.16 to close at $97.01 per barrel.
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