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2012 November 1   09:19

Bunker prices move down on Wednesday

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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