Global bunker prices made a second day of gains today, with the majority of markets in East and South East Asia, and the EMEA region seeing gains for all products. Prices in the Americas were more mixed, with IFO prices in the North West of the region in particular seeing prices fall, Ship & Bunker reports.
Singapore IFO380 climbed $11.50 to $612.50 per metric tonne (pmt) making a week-to-date loss of $7.00, and MGO moved up for a second consecutive day adding $24.50 to bring the price to $946.50 pmt.
Hong Kong IFO380 ended its long decline and moved up for the first time since October 16, 2012 climbing $5.50 to $621.50, a two week loss of $27.00. MGO at the port ended six consecutive market days of losses and also gained $5.50 to bring the price to $945.50 pmt.
Rotterdam IFO380 climbed $12.00 to $594.00 pmt making a week-on-week loss of $3.50, low sulfur 380 cSt product (LS380) was up $11.00 to $628.50, and MGO rose $15.50 to $935.50 making a three month gain of $7.00 pmt.
Fujairah 380 cSt product added $15.50 to bring the price to $615.50, down $42.00 over the past three months, while MGO climbed $1.50 to $1022.00 pmt.
Houston IFO380 was up $6.00 to $604.50 making a week-on-week loss of $4.00, LS380 gained $6.50 to bring the price to $706.50, and MGO climbed $9.50 to $1004.00, up $22.00 pmt in three months.
LA / Long Beach IFO380 moved up for the first time this week gaining $6.50 to $669.00, and LS380 moved up $8.50 to $746.00 moving the premium for the low sulfur fuel up $2.00 to $77.00 pmt.
The mid-week WTI spot price fell sharply losing $4.32 (-4.87%) to close at $84.39 per barrel.
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