Many ports in South America saw small gains on Wednesday, with Montevideo making an exception to the trend by dropping $35.00 from its IFO380 price to $658.50 per metric tonne (pmt). In the North of the continent prices were mostly softening, but IFO380 did make a small gain in Norfolk, and the product also gained in San Francisco, Ship & Bunker reports.
Houston IFO380 was down $3.00 to $610.00 pmt rising $3.50 week-on-week and down $13.00 compared to October 22, 2012. Low sulfur 380 cSt product (LS380) fell $6.00 to $711.00 pmt up $2.00 on last Wednesday, making the premium for the low sulfur grade $101.00 today. MGO at the port rose for a third consecutive day up $3.00 to $1020.00 pmt and climbing $26.00 over the past week.
New York IFO380 dropped $3.50 to $628.50 pmt gaining $3.50 on last Wednesday's price, LS380 fell for a third consecutive day slipping $14.50 to $690.00 pmt and down $9.50 week-on-week. MGO in New York moved up for a third consecutive day gaining $4.00 to $1047.50 pmt rising $33.00 over the past two weeks and adding $13.50 to the October 22, 2012 price.
Los Angeles / Long Beach IFO380 fell double digits today dropping $19.50 to $670.50 pmt, just $2.50 above last Wednesday's price and up $22.50 over the previous three months. LS380 in the port slipped $27.50 to $756.50 adding $4.50 week-on-week and making today's premium for the Emissions Control Area (ECA) compliant fuel $86.50 pmt.
New Orleans 380 cSt product was down $4.50 to $617.00 pmt adding $6.00 to last week's price, down $12.50 over the past month. LS380 also moved down $6.00 to bring the price to $714.00, while MGO fell $1.00 to $1021.00 pmt up $15.00 over the past two weeks.
Vancouver IFO380 slid $1.50 to $651.50 pmt up $22.00 week-on-week and losing $19.50 over three months. LS380 dropped $3.00 to $917.00 making the premium for the low sulfur fuel $265.50 pmt. MGO in Vancouver fell $5.50 to $1098.00 pmt adding $18.50 to last Wednesday's price.
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