Bunker prices mixed as the week opens
Contributed to IAA PortNews by Ship & Bunker
Bunker markets opened the week with mixed movements, Ship & Bunker data showed, but prices in Asia were generally making gains today.
Singapore IFO380 climbed $2.50 to $605.50 per metric tonne (pmt), a third day of rising prices for the grade. Low sulfur 380 cSt product (LS380) was steady at $688.00 making the premium for the Emissions Control Area (ECA) compliant fuel $82.50 pmt, while MGO dropped $11.50 to $870.00 pmt to reduce some of yesterday's gain of $18.50.
Prices in North and Western Europe lacked direction today, but were rising in the Mediterranean and Black Sea with some ports seeing double-digit gains.
Rotterdam IFO380 climbed $3.50 to $590.00 pmt, just $1.00 higher than last Monday. LS380 was steady at $614.00, and MGO moved up $7.00 to $859.50 pmt, up $12.50 week-on-week.
Fujairah IFO380 was unchanged at $608.00 pmt, while MGO at the port made a gain of $1.50 to $1008.00 pmt.
Bunker prices in the Americas made gains across the Atlantic and Gulf Coasts, but were falling on the Pacific coast.
IFO380 in Los Angeles and Long Beach made a huge drop of $40.50 to $602.00 pmt, the lowest price since July 2, 2012.
Houston IFO380 was up for a second consecutive market day, gaining $6.50 to $591.00 pmt. LS380 at the port was unchanged from Friday's price of $643.00 pmt, while MGO was also steady at $969.00 pmt.
More bunker prices: http://shipandbunker.com/prices