Markets saw another day of mostly small, mixed price movements on Tuesday, and key indicator ports Singapore, Rotterdam, Fujairah, and Houston all saw IFO380 fall between $2.00 and $6.00 pmt, Ship & Bunker reports.
Singapore IFO380 fell for a second consecutive day dropping $4.50 to $620.50, and MGO gained $1.00 to $940.00 pmt.
Hong Kong saw IFO380 move down for a tenth consecutive market day slipping $3.50 to $640.50 pmt, while MGO slipped $1.50 to $966.50 pmt.
Rotterdam IFO380 was down for a third consecutive market day falling $2.00 to $602.00, low sulfur 380 cSt product (LS380) dropped $5.50 to $636.50, and MGO was up $6.50 to $960.50 pmt.
Houston IFO380 dropped $2.50 to $614.00 pmt, LS380 was down $3.50 to $716.00, and MGO moved up for a second consecutive day gaining $3.50 to $1026.50 pmt.
LA / Long Beach IFO380 and LS380 were steady at $685.50 and $759.00 pmt respectively, meaning the premium for the low sulfur product remained at $73.50 pmt.
The WTI spot price moved up just $0.03 to close at $85.57 per barrel.
All news