Global bunker prices continue to trend down

Bunker price movements were generally continuing down today with a number of ports in Asia making some small gains, the data provided by Ship & Bunker showed.

Singapore IFO380 was down for a sixth day, falling $2.50 to $596.00 per metric tonne (pmt) and now down $29.00 over the last week. Low sulfur 380 cSt product (LS380) dropped $3.00 to $642.50 while MGO fell $5.00 to $848.50 pmt, and $5.00 closer to the 12-month low of $800.00 pmt set on June 22, 2012.

Houston IFO380 continued to fall to a new nine-month lows as it has done earlier in the week, today falling $4.50 to $575.50 pmt. LS380 moved down $6.50 to its new low in at least nine months of $640.00, and MGO was down $8.00 to a nine-month low of $938.50 pmt.

Read more: http://shipandbunker.com/news/world/787166-daily-bunker-price-report-thursday-apr-18-2013