Bunker prices end the week higher

Contributed to IAA PortNews by Ship & Bunker

Despite bunker prices ending the week with some soft prices in North America and Asia, Ship & Bunker data showed that overall prices ended the week higher than they were the previous Friday.

Singapore IFO380 moved down $4.00 to $614.00 per metric tonne (pmt), $0.50 higher than last week, while low sulfur 380 cSt product (LS380) was up $33.50 to $702.00. MGO was up $5.00 to $869.50 pmt, a gain of $19.50 week-on-week.

Rotterdam IFO380 was steady at $593.50 pmt on Friday for a week-on-week gain of $8.00, while LS380 was down $2.00 to $615.50, but made a gain of $13.00 over the week. MGO was up $2.50 to $849.50 pmt, $22.50 higher than this time last week.

Fujairah IFO380 made its biggest move of the week on Friday, down $7.00 to $620.50 pmt, and $3.00 lower than this time last week. MGO moved down $6.00 to $1004.50 pmt, down $-8.50 week-on-week.

Houston IFO380 was down $3.00 to $598.00 pmt, $6.50 higher then the previous Friday, and LS380 was down $3.50 to $648.00 making the premium for the low sulfur product $50.00 pmt. MGO was up $3.50 at $976.50 pmt, $22.50 higher week-on-week.

More bunker prices: http://shipandbunker.com/prices