Bunker prices continued to move down on Thursday, with key indicator ports Singapore, Rotterdam, Fujairah, and Houston all seeing IFO380 fall between $1.50 and $5.00 pmt, Ship & Bunker reports.
Singapore IFO380 fell for a second consecutive day dropping $1.50 to $642.00 per metric tonne (pmt), and MGO slipped $0.50 to $970.50 pmt.
Hong Kong saw IFO380 and MGO move down $1.50 to $657.50 and $992.00 pmt respectively, with IFO380 losing $4.00 week-on-week.
Rotterdam IFO380 was down $1.50 to $620.50, low sulfur 380 cSt product (LS380) dropped $0.50 to $656.00, and MGO fell for a fifth consecutive market day slipping $2.00 to $991.00 pmt.
Fujairah 380 cSt product and MGO moved down for a second consecutive day falling $3.50 to $641.50 and $1.00 to $1032.00 pmt respectively.
Houston IFO380 fell for a third consecutive day dropping $5.00 to $627.00 pmt, LS380 was down $2.50 to $731.00, and MGO slid for fourth consecutive market day down $3.50 to $1053.50 pmt.
LA / Long Beach IFO380 and LS380 moved down for a second consecutive day dropping $5.50 to $683.00 pmt and $7.50 to $797.00 respectively, making the premium for the low sulfur product $114.00 pmt.
The WTI spot price showed little movement once again on Thursday falling $0.02 to close at $92.10 per barrel.
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