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2012 November 2   09:04

Bunker Prices Continue Down Thursday

Bunker prices moved down again on Thursday, and key indicator ports Singapore, Rotterdam, Fujairah, and Houston all saw IFO380 make losses between $2.00 and $6.00 pmt, Ship & Bunker reports.

Singapore IFO380 fell for a fourth consecutive day down $6.00 to $613.50 per metric tonne (pmt), and MGO slipped $5.00 to $935.00 pmt.

Hong Kong saw IFO380 move down for a twelfth consecutive market day dropping $3.00 to $634.50, while MGO also lost $3.00 moving the price to $962.00 pmt.

Rotterdam IFO380 was down for a fifth consecutive market day falling $2.00 to $595.50 pmt, low sulfur 380 cSt product (LS380) slid $9.00 to $627.00 pmt, and MGO dropped $10.50 to $944.00 pmt.

Fujairah 380 cSt product fell for a fifth consecutive market day down $4.00 to $617.00 pmt, and MGO gained $1.00 to rise to $1026.00 pmt.

Houston IFO380 and LS380 moved down for a third consecutive day slipping $4.00 to $604.50 and $5.00 to $704.00 respectively, and MGO dropped $4.00 to $1018.00 pmt.

LA / Long Beach IFO380 was down $12.50 to $691.50, while LS380 fell $14.00 to $765.00 making the premium for the low sulfur product $73.50 pmt.

The WTI spot price moved up for a third consecutive day gaining $0.85 to close at $87.09 per barrel.

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