Global bunker prices started the week with more small, mixed movements with the exception of North America where overall a firming trend was observed. Key price indicator ports Singapore, Rotterdam, and Fujairah saw IFO380 drop between $1.50 and $3.50 per metric tonne (pmt), while Houston saw the grade gain $2.00 pmt, Ship & Bunker reports.
Singapore IFO380 fell $3.50 to $625.00 pmt, the lowest price since July 18, 2012, and MGO gained $1.50 to $939.00 pmt.
Hong Kong saw IFO380 move down a ninth consecutive day falling $0.50 to $644.00, while MGO climbed $3.50 to $968.00 pmt.
Rotterdam IFO380 was down $1.50 to $604.00 pmt, low sulfur 380 cSt product (LS380) moved up $3.00 to $642.00, and MGO dropped $2.50 to $954.00 pmt.
Fujairah 380 cSt product fell for a second consecutive day slipping $2.00 to $628.00 pmt, while MGO moved up $6.00 to $1031.50 pmt.
Houston IFO380 corrected Friday's loss and moved up $2.00 back to $616.50, and LS380 was up $5.00 to $719.50 ending eight consecutive market day losses. MGO at the port climbed $3.50 to $1023.00 pmt.
LA / Long Beach IFO380 and LS380 gained for a third consecutive market day rising $5.50 to $685.50 pmt and $6.00 to $759.00 respectively, the premium for the low sulfur fuel now up $0.50 to $73.50 pmt.
The WTI spot price moved down $0.74 to close at $85.54 per barrel.
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