Bunker prices continue to fall mid-week
Contributed to IAA PortNews by Ship & Bunker
Mid-week bunker prices were mostly following the trend set earlier in the week and were heading down today, but Ship & Bunker data showed some mixed price movements in parts of Europe and North America.
Singapore IFO380 moved down $5.00 to $596.00 per metric tonne (pmt) for its sixth consecutive market day of downward movements and a drop of $26.00 in that time. Low sulfur 380 cSt product (LS380) was down $2.50 to $684.00 making the premium for the Emissions Control Area (ECA) compliant fuel $88.00 pmt, while MGO moved down $2.50 to $862.50 pmt for a change of $-2.00 since this time last week.
Rotterdam IFO380 was $1.00 lower today at $580.50 pmt for a week-on-week change of $-15.00, while a gain of $2.50 for LS380 at the port to $608.00 put the premium for the low sulfur product at $27.50 pmt. MGO was up $1.50 to $846.50 pmt, $0.50 lower than this time last week with a spread of $4.50 in that time.
Fujairah IFO380 was down for a sixth consecutive market day and repeated yesterday's drop of $4.50 to today's average price of $600.50 pmt. MGO slipped $1.00 to an even $1000.00 pmt.
While the majority of bunker prices were heading down in North America, there were small price gains at some ports on the Pacific and Atlantic coasts.
IFO380 in Montreal made a gain of $3.00 to $645.50 pmt today, while the product in Los Angeles / Long Beach continued to climb, up for a fourth consecutive market day, gaining $3.00 to $636.50 pmt.
Houston IFO380 dropped $3.50 to $584.50 pmt, making it a run of six market days of downward movements. LS380 was down $2.00 to $641.00 making the premium for the low sulfur fuel $56.50 pmt. MGO was $1.50 lower at $965.50 pmt for a week-on-week change of $-6.50.
Latest and historical bunker prices in over 140 ports: http://shipandbunker.com/prices