Bunker prices continue to fall on Tuesday
Contributed to IAA PortNews by Ship & Bunker
Bunker prices continued to follow crude down on Tuesday, with Ship & Bunker data showing prices were lower across world bunker markets today.
Singapore IFO380 was down $3.50 to $601.00 per metric tonne (pmt), the lowest price in three weeks, while low sulfur 380 cSt product (LS380) dropped $8.00 to $686.50 to make its premium $85.50 pmt. After falling $8.00 yesterday, MGO climbed $3.50 to $865.00 pmt, but is still down $0.50 over the last week.
Rotterdam IFO380 moved down $7.50 to $581.50 pmt, and the product is now down $14.00 over the last week. LS380 dropped $8.00 to $605.50 slightly narrowing the premium for the low sulfur grade to $24.00 pmt, while MGO was $2.00 lower at $845.00 pmt, up $4.50 since this time last week.
Fujairah IFO380 fell for a fifth consecutive market day, today down to $4.50 to $605.00 pmt, and down $26.50 over the last week. MGO slipped $0.50 to $1001.00 pmt, the fourth market day of downward movements for the grade.
Houston IFO380 was $4.00 lower at $588.00 pmt today, and LS380 remained steady at $643.00 to put the premium for the low sulfur grade at $55.00 pmt. There was also no movement for MGO prices which remained at $967.00 pmt.
WTI closed the day $0.96 lower at $94.21 per bbl, with Brent closing down 0.22 at $102.60 per bbl.
More bunker prices: http://shipandbunker.com/prices