Key ports see soft bunker prices mid-week
While bunker price movements had no real direction in Asia today, Ship & Bunker data showed that, overall, prices in the world's primary bunkering ports were soft on Wednesday.
Singapore IFO380 slipped $12.50 to $599.00 per metric tonne (pmt) to fall back below the $600.00 pmt mark for the first time since this time last week. Low sulfur 380 cSt product (LS380) gained $3.00 to $697.50 and MGO fell $3.00 to $872.50 pmt.
Bunker prices were falling across North and Western Europe, as well as the Mediterranean and Black Sea region today, and IFO380 in Rotterdam was down $4.50 to $584.50 pmt. LS380 at the port slipped $3.50 to $608.50 making the premium for the Emissions Control Area (ECA) compliant fuel $24.00 pmt, while MGO dropped $5.00 to $861.00 pmt.
Fujairah IFO380 edged down for a second day, falling $2.00 to $605.00 pmt. MGO was $1.00 lower today at $1003.00 pmt.
A double-digit jump for IFO380 prices in Portland were the exception to falling prices for the grade across North America today.
Houston IFO380 dropped $2.50 to $586.50 pmt making it a drop of $17.00 over the last two weeks. LS380 was also $2.50 lower at $640.00 keeping the premium for the low sulfur fuel $53.50. MGO was $1.00 higher at $973.00 pmt.
Bunker prices in over 140 ports: http://shipandbunker.com/prices