Bunker prices finish the week climbing
The week came to a close with rising bunker prices, however key indicator ports Singapore, Rotterdam, Fujairah, and Houston all saw IFO380 make week-on-week losses of between $6.50 to $11.50 pmt, Ship & Bunker reports.
Singapore IFO380 was up $9.50 to $649.50 per metric tonne (pmt) for a week-on-week loss of $8.00, and MGO gained $15.00 to $962.00 pmt.
Hong Kong saw IFO380 climb $5.00 to $659.50, $10.50 lower than last Friday's price, while MGO rose $2.00 to $974.50 pmt.
Rotterdam IFO380 moved up $8.00 to $627.00 pmt making a week-on-week loss of $9.50, 1.00% maximum sulfur 380 cSt product (LS380) gained $7.00 to $672.50, and MGO was up $15.00 to $972.50 pmt.
Fujairah 380 cSt product gained $9.50 to $649.50 pmt, $11.50 lower than last week's price, while MGO added $1.00 to bring the price to $1032.50 pmt.
Houston IFO380 climbed $8.00 to $638.00, down $6.50 week-on-week, LS380 rose $19.00 to $743.00, and MGO was up $18.00 to $1043.00 pmt.
LA / Long Beach IFO380 gained $9.00 to $662.50, $32.00 lower than last Friday's price, and LS380 moved up $13.00 to $784.00 pmt making the premium for the low sulfur fuel $121.50 pmt.
Friday's WTI spot price fell $1.83 (2.00%) to close at $89.88 per barrel.