Global bunker prices uncertain on Thursday
Bunker prices lacked direction on Thursday, with Ship & Bunker data showing varied price movements at benchmark price ports, Ship & Bunker reports.
Singapore IFO380 and MGO moved down $2.00, with IFO380 falling to $684.00 per metric tonne (pmt) and MGO down to $996.00 pmt.
Hong Kong saw IFO380 fall for the first time since September 6, 2012 losing $1.50 to $702.00 pmt, while MGO made gains for a second market day up $2.50 to $1013.00 pmt.
Rotterdam IFO380 was steady at $661.50 pmt, 1.00% maximum sulfur 380 cSt product (LS380) moved down $2.00 to $724.50, and MGO was up for a second consecutive day gaining $4.50 to $999.00 pmt.
Fujairah 380 cSt product and MGO moved up for a second consecutive day climbing $1.50 to $691.00 and $5.50 to $1053.50 respectively.
Houston IFO380 and LS380 made gains for a fifth consecutive market day up $8.00 to $673.00 and $2.50 to $770.00 pmt respectively, and IFO380 reached the highest price since September 4, 2012. MGO at the port gained for a second consecutive day climbing $6.50 to $1059.50 pmt.
LA / Long Beach IFO380 fell for a second consecutive day sliding $12.50 to $666.50 for a week-on-week loss of $5.50 pmt.
Thursday's WTI spot price was up $1.30 (1.34%) to close at $98.31 per barrel.