Bunker prices start the week on a firm note

Contributed to IAA PortNews by Ship & Bunker

Bunker prices have started the week on a firm note, Ship & Bunker data shows, as crude resumed its climb after a slight dip on Friday.

Singapore IFO380 moved up $6.00 to $616.00 per metric tonne (pmt) on Monday for a week-on-week gain of $14.00, while an identical gain for LS380 to $650.50 kept the low sulfur premium at $34.50 pmt.

Rotterdam IFO380 rose $5.00 to $587.50 pmt, and LS380 climbed $6.50 to $601.00, breaking $600.00 pmt for the first time since April 12, 2013.

Fujairah IFO380 made it a fourth market day of gains by climbing $6.00 to $620.00 pmt, and MGO at the port reversed Friday's gain of $1.50 by falling by the same amount to $1007.00 pmt.

After a week of strong gains for Los Angeles and Long Beach last week, IFO380 in the port started the week down $9.50 to $652.00 pmt.

Houston IFO380 was up $8.00 to $589.50 pmt, the biggest single day movement since a drop of $10.00 on April 16, 2013. LS380 moved up $12.00 to $665.00 to widen the premium for the low sulfur fuel to $75.50 pmt.

WTI on Monday closed up $1.50 per barrel at $94.50.

Read more: http://shipandbunker.com/news/world/582165-daily-bunker-price-report-monday-april-29-2013