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2012 November 16   09:45

Bunker prices steady to firm in the Americas

Bunker prices in the Americas were steady to firm today after yesterday's lack of direction, Ship & Bunker reports. Houston IFO380 made a small gain for the fifth consecutive market day climbing $2.50 to $609.00 per metric tonne (pmt) for an upward movement of $13.50 in that time, while low sulfur 380 cSt product (LS380) gained for a second day, up $3.00 to $712.00 widening the premium for the low sulfur product to $103.00 pmt. MGO gained $1.00 putting the price at $994.50 pmt.

New York IFO380 was up $3.50 to $628.50 pmt and has now make a two week gain of $5.50, and MGO was up $5.50 to $1018.00 pmt for a two day gain of $10.50 pmt.

LA / Long Beach IFO380 climbed $5.00 to $673.00 pmt today, and has now fallen $18.50 over the last two weeks with a spread of $35.50 in that time. LS380 moved up for a second day to $761.00, adding $9.00 to yesterday's price, widening the premium for the Emissions Control Area (ECA) compliant fuel $88.00 pmt.

New Orleans IFO380 made it five consecutive market days of climbing prices, up $3.50 to $614.50 and a gain of $10.50 over the last week. MGO corrected yesterday $-1.50 movement gaining $1.50 today to return to to $1000.50 pmt.

Vancouver IFO380 was up for a third day gianing $6.00 to $635.50 today, while LS380 added $5.50 to bring the price to $903.50 pmt making the premium for the low sulfur fuel $268.00.

Prices in Latin America were generally steady, although Valparaiso MGO fell $70.00 to $1260.00 pmt.

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