Bunker prices move down on Monday
Global marine fuel prices were falling on Monday, with key indicator ports Singapore, Rotterdam, Fujairah, and Houston all seeing IFO380 prices move down between $5.50 and $14.50 pmt, Ship & Bunker reports.
Singapore IFO380 moved down $10.50 to $639.00 per metric tonne (pmt), $15.00 lower than last Monday's price, and MGO lost $7.50 to bring the price to $954.50 pmt.
Hong Kong saw IFO380 fall $8.50 to $651.00 pmt, while MGO moved up for a second consecutive market day gaining $5.50 to $980.00 pmt.
Rotterdam IFO380 slipped $6.00 to $621.00, 1.00% maximum sulfur 380 cSt product (LS380) was down $9.00 to $663.50, and MGO climbed $1.50 to $974.00 pmt.
Fujairah 380 cSt product fell $14.50 to $635.00 pmt , while MGO moved up for a second consecutive market day gaining $3.50 to $1036.00 pmt.
Houston IFO380 lost $5.50 to $632.50, LS380 moved down $13.50 to $729.50 pmt, and MGO gained for a second consecutive market day adding $6.00 to bring the price to $1049.00 pmt.
LA / Long Beach IFO380 was up $3.00 to $665.50, while LS380 in the port climbed $5.00 to $789.00 making the premium for the low sulfur product $123.50 pmt.
The WTI spot price at the start of the week was down $0.55 to close at $89.33 per barrel.