Bunker prices were moving down small to moderate amounts on Tuesday, with IFO380 at key indicator ports Singapore, Rotterdam, and Houston dropping between $1.00 and $4.00 pmt, and a number of ports seeing their lowest prices since August, Ship & Bunker reports.
Singapore IFO380 dropped for a second consecutive day falling $2.50 to $637.50 per metric tonne (pmt), and MGO was down $14.00 to $950.00 pmt.
Hong Kong saw IFO380 slipped for a fifth consecutive day down $2.00 to $651.00 pmt, while MGO dropped $6.00 to $978.00 pmt.
Rotterdam IFO380 moved down $4.00 to $613.50 pmt, the lowest price since August 3, 2012, low sulfur 380 cSt product (LS380) was down $1.50 to $641.00 pmt, and MGO fell $13.50 to $966.00.
Fujairah 380 cSt product was steady at $637.50 pmt, while MGO dropped $4.50 to $1027.50, the lowest price since August 22, 2012.
Houston IFO380 slipped $1.00 to $622.00, LS380 was down $2.00 to $723.00 pmt, the lowest price since August 2, 2012, and MGO fell $13.50 to $1029.50 pmt.
LA / Long Beach IFO380 gained $1.50 to $676.50 pmt, while LS380 moved up $751.00 making the premium for the low sulfur product $74.50 pmt.
Tuesday's WTI spot price fell dropped $2.41 (-2.72%) to close at $86.32 per barrel, and the lowest price since July 12, 2012.
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