Mid-week bunker prices continue on the up
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.