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.
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