After a week of uncertain movements, bunker prices were generally falling on Friday, with the exception of the U.S. where prices were mixed, Ship & Bunker reports.
Singapore IFO380 finished the week at its lowest price since July 2, 2012 falling $16.50 to $591.00 per metric tonne (pmt), a week-on-week loss of $19.50 and a three month drop of $62.50 pmt. MGO at the port slipped $14.50 to $918.00 making a $40.00 loss in the past month.
Hong Kong IFO380 was down $10.50 to $609.00 pmt, down $56.00 over three months and a week-on-week loss of $16.50 pmt. MGO dropped $6.50 to $945.50 down $22.00 over the past week.
Rotterdam IFO380 having not broken $600.00 since October 30, 2012 slipped $3.50 to $583.50 pmt. Over the last three months IFO380 in the port has lost $51.50 and in the last week it slipped $9.50. Low sulfur 380 cSt product (LS380) at the port moved down $8.50 to $608.50 pmt losing $14.50 week-on-week, and MGO was down $5.50 to $919.00, also with a week-on-week loss of $14.50 pmt.
Fujairah 380 cSt product dropped $3.00 to $600.50 pmt making a loss of $62.50 over three months and $10.50 lower than last Friday's price. MGO was mostly flat falling $1.50 to $1020.50 pmt and moving down just $1.00 in the last week and $11.50 over three months.
Houston IFO380 made a $2.00 gain to $597.50 pmt, dropping $5.00 week-on-week and down $39.50 over three months. LS380 moved up $6.50 to $699.00 making the premium for the low sulfur fuel $101.50 pmt. MGO at the port fell $6.50 to $989.00 pmt, the same price as August 9, 2012 exactly three months ago.
LA / Long Beach IFO380 moved up $4.00 to $671.50 pmt gaining $4.50 over three months but down $26.50 week-on-week. LS380 gained $4.00 to $748.00 making the premium for the Emissions Control Area (ECA) compliant fuel $76.50 pmt.
WTI December contracts moved up by $0.98 to settle at $86.07 per barrel.
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