Bunker prices were falling on Wednesday as many ports saw small to moderate losses. Key price indicator ports Singapore, Rotterdam, Fujairah, and Houston all saw IFO380 drop between $1.00 and $5.50 pmt, Ship & Bunker reports.
Singapore IFO380 was down for a third consecutive day falling $1.00 to $619.50 per metric tonne (pmt), and MGO was steady at $718.00 pmt.
Hong Kong saw IFO380 drop for a eleventh consecutive market day slipping $3.00 to $637.50 pmt, while MGO fell $1.50 to $965.00 pmt.
Rotterdam IFO380 moved down for a fourth consecutive market day dropping $4.50 to $597.50 pmt, low sulfur 380 cSt product (LS380) fell $0.50 to $636.00, and MGO slipped $6.00 to $954.50 pmt.
Fujairah 380 cSt product was down for a fourth consecutive market day losing $1.00 to bring the price to $621.00 pmt, while MGO was also down $1.00 making the price $1025.00 pmt.
Houston IFO380 and LS380 fell for a second consecutive day dropping $5.50 to $608.50 and $7.00 to $709.00 pmt respectively, and MGO moved down $4.50 to $1022.00 pmt.
LA / Long Beach IFO380 gained $18.50 to $704.00 pmt, and LS380 was up $20.00 to $779.00 pmt making the premium for the low sulfur fuel $75.00 pmt.
The WTI spot price moved up a second consecutive day climbing $0.67 to close at $86.24 per barrel.
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