Bunker prices in many ports up on Friday
Many ports saw bunker prices move up on Friday after a week that saw some big losses, and key indicator ports Singapore, Rotterdam, Fujairah, and Houston all saw IFO380 move up for the first time since last Friday, Ship & Bunker reports.
Singapore IFO380 moved up $9.50 to $656.00 per metric tonne (pmt) making a week-on-week loss of $35.50, and MGO moved up $9.00 to $968.50 pmt.
Hong Kong saw IFO380 fall for a fifth consecutive market day losing $5.00 to $669.00 pmt and $36.00 lower than last week's price, while MGO dropped $7.00 to $978.50 pmt.
Rotterdam IFO380 was up $5.00 to $632.00 for a week-on-week loss of $36.50, 1.00% maximum sulfur 380 cSt product (LS380) moved up $11.50 to $686.00 pmt, and MGO moved down $1.00 to $956.50 pmt.
Fujairah 380 cSt product gained $4.50 to $654.50 closing the week $45.50 lower than last week's price, while MGO added $15.00 to bring the price to $1049.50 pmt.
Houston IFO380 climbed $6.50 to $644.00 pmt putting it $32.00 lower than last Friday's price, LS380 was up $12.50 to $750.50, and MGO gained $9.50 to $1032.00 pmt.
LA / Long Beach IFO380 and LS380 moved up for a third consecutive day rising $12.00 to $677.50 pmt and $13.50 to $840.00 pmt respectively. IFO380 at the port made a week-on-week gain of $15.00 pmt.
The WTI spot price moved up for the first time since September 14, 2012 gaining $0.74 to close at $92.61 per barrel.