Global bunker prices continued to fall for most products in most global ports on Wednesday, as Singapore IFO380 fell to its lowest price since August 1, 2012, Ship & Bunker reports.
Singapore IFO380 was down $7.00 per metric tonne (pmt) on the day and $13.00 pmt on the week to $630.50, while MGO fell $11.00 to $939.00 pmt,
Hong Kong IFO380 slipped $2.50 to $657.00 pmt, and MGO fell to early August levels, today down $6.50 to 971.50 pmt.
Rotterdam 380 cSt product and its low sulfur variant (LS380) fell $6.50 and $5.00 to $607.00 pmt and $636.00 pmt respectively. MGO was down $15.00 in the port to 951.00 pmt.
Fujairah IFO380 dropped $7.50 to $630.00 pmt, with MGO moving down $3.50 today to $1024.00 pmt.
Houston saw IFO380 down for a seventh consecutive market day, making its biggest drop in that time today of $6.50 to $615.50. LS380 fell $4.50, as it did last Wednesday, today moving to $718.50 pmt.
LA / Long Beach corrected yesterday's slight gain to fall $3.50 today to 673.00 pmt, and LS380 moved down $7.50 to $743.50 pmt to narrow the premium for the ECA compliant fuel to $70.50 pmt.
The WTI spot price was down for a fifth consecutive market day falling $0.99 to $85.33 per barrel.
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