Thursday bunker prices continue down
Bunker prices were down on Thursday as crude regained much of what it lost on Wednesday. Key price indicator ports Singapore, Rotterdam, and Fujairah saw IFO380 make a second consecutive day of losses and the key grade in Houston moved down for a third consecutive day, Ship & Bunker reports.
Singapore IFO380 was down $9.50 to $640.00 per metric tonne (pmt) making a week-on-week loss of $8.50, and MGO fell $14.00 to $947.00 pmt.
Hong Kong saw IFO380 slip for a second consecutive day losing $12.00 to bring the price to $654.50, while MGO dropped $11.00 to $972.50 pmt.
Rotterdam IFO380 lost $7.50 to $619.00, 1.00% maximum sulfur 380 cSt product (LS380) was down $10.50 to $665.50 pmt, and MGO fell for a fourth consecutive market day down $5.50 to $957.50 pmt.
Fujairah 380 cSt product dropped $9.50 to $640.00 pmt, $8.50 lower than last Thursday's price, while MGO slipped $3.00 to $1031.50 pmt.
Houston IFO380 was down for a third consecutive day losing $4.00 to $630.00 pmt, LS380 fell $10.00 to $724.00, and MGO dropped $5.00 to $1025.00 pmt.
LA / Long Beach IFO380 fell for a fourth consecutive day losing $9.00 to $653.50, while LS380 rose $9.50 to $771.00 pmt bringing the premium for the low sulfur fuel to $117.50.
Thursday's WTI spot price gained $3.57 (4.05%) correcting yesterday's drop of $3.75, to close at $91.71 per barrel.