Bunker prices continue mixed movements on Tuesday
Contributed to IAA PortNews by Ship & Bunker
Bunker price movements were mixed for the second day this week, Ship & Bunker data showed, as some markets continued to make gains on Tuesday, while others reversed yesterday's movement.
Singapore IFO380 continued to rise, up for a fourth consecutive market day with a gain of $6.00 to $611.50 per metric tonne (pmt). Low sulfur 380 cSt product (LS380) climbed $6.50 to $694.50 making the premium for the Emissions Control Area (ECA) compliant fuel $83.00 pmt, while MGO rose $5.50 to $875.50 pmt.
After a $3.50 gain yesterday, Rotterdam IFO380 dropped back $1.00 to $589.00 pmt, and LS380 fell $2.00 to $612.00 making the premium for the low sulfur grade $23.00 pmt. MGO at the port was up for a third consecutive market day with a gain of $6.50 to $866.00 pmt.
Fujairah IFO380 was unchanged yesterday, but today slipped $1.00 to $607.00 pmt, MGO followed yesterday's gain of $1.50 by falling $4.00 today to $1004.00 pmt.
Some of yesterday's big drop of $40.50 for IFO380 in Los Angeles and Long Beach was corrected today with a gain of $21.50 to $623.50 pmt.
Houston IFO380, which ended a seven day run of downward price movements with gains on Friday and Monday, was once again heading down with a drop of $2.00 today to $589.00 pmt. LS380 was $0.50 lower at $642.50, while MGO at the port was up $3.00 to $972.00 pmt.
Bunker prices in over 140 ports: http://shipandbunker.com/prices