Bunker prices steady Tuesday
Bunker prices were mainly steady on Tuesday, with Ship & Bunker price data showing small mixed price movements in many ports. IFO380 at key price indicator ports Singapore and Rotterdam made a small gain, while the benchmark grade was steady in Fujairah and made a dollar loss in Houston, Ship & Bunker reports.
Singapore IFO380 was up $0.50 to $654.50 per metric tonne (pmt) making a week-on-week loss of $3.00, and MGO gained $5.50 to $963.00 pmt.
Rotterdam saw IFO380 move up $1.50 to $635.50 pmt, $0.50 lower than last week's price, 1.00% maximum sulfur 380 cSt product (LS380) climbed $3.00 to $689.00, and MGO was down for a second consecutive day losing $0.50 to $967.50 pmt.
Fujairah 380 cSt product was steady at $656.00 pmt, while MGO dropped for a second consecutive day losing $1.50 to $1033.50 pmt.
Houston IFO380 moved down for the first time since September 27, 2012 falling $1.00 to $644.00, LS380 was steady at $747.00 pmt, and MGO was down $4.50 to $1036.00 pmt.
LA / Long Beach IFO380 dropped for a second consecutive day losing $9.50 to $666.50, while LS380 also lost $9.50 and fell to $765.00 pmt meaning the premium for the low sulfur grade remained at $98.50 pmt.
The WTI spot price fell for the first time since 26 September, 2012 slipping $0.59 to close at $91.89 per barrel.