Double-dgit gains for bunkers in Los Angeles
Bunker prices in the Americas were up in some key price indicator ports today as Los Angeles reversed four days of falling IFO380 prices with a double-digit gain, but movements overall, and particularly in South American markets, were mixed.
Houston IFO380 rose $4.00 to $616.50 per metric tonne (pmt), up $10.50 week-on-week, and $3.50 higher than the price on November 20, 2012. Low sulfur 380 cSt product (LS380) moved up $4.50 to $718.50 making the premium for the Emissions Control Area (ECA) compliant fuel $102.00 pmt. MGO was up $6.00 to $1002.50 pmt, gaining $13.50 since last Thursday.
LA / Long Beach IFO380 recovered most of yesterday's double-digit losses and climbed $15.00 to $629.00 pmt, down $26.00 week-on-week, and $61.00 lower than this time last month. LS380 climbed $31.00 to $740.00 making the premium for the low sulfur fuel $111.00 pmt. MGO moved up for the first time since December 13, 2012 gaining $10.50 to $1024.50 pmt, down $26.00 from last week.
New York IFO380 moved up $3.00 to $615.00 pmt, for a $3.00 weekly change, and a $-17.00 monthly change. LS380 moved up $3.00 to $661.00 making the premium for the low sulfur product $46.00 pmt. MGO was up $5.00 to $1025.50 pmt, up $11.50 from last Thursday.
Vancouver IFO380 rose for a fourth consecutive day climbing $1.00 to $630.50 pmt, $9.50 higher than last Thursday, and $22.50 lower than las month. LS380 was up $1.00 to $878.50 making the premium for the low sulfur grade $248.00 pmt. MGO was up $4.00 to $1072.50 pmt, for an $11.00 week-on-week gain.