IFO380 bunker prices at Los Angeles / Long Beach started May with a huge jump down on Wednesday, with the Benchmark grade falling $30.50 to $618.00 per metric tonne (pmt).
Prices for the grade had risen sharply in the port through a 6 day run of gains that started on April 19, which saw the product gain $48.00 pmt in that time.
However the falling prices earlier this week, coupled with today's big drop, makes the grade just $5.00 higher than it was two-weeks ago, but with a spread of $54.00 in that time.
Low sulfur 380 cSt product (LS380) was down $20.00 to $757.00 pmt making the premium for the Emissions Control Area (ECA) compliant fuel $139.00 pmt.
More bunker prices: http://shipandbunker.com/prices
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