Global bunker prices up on Wednesday
Wednesday Ship & Bunker price data shows global bunker prices were generally on the up today, but movements tended to be small as crude fell back for the first time since Thursday, Ship & Bunker reports.
Singapore IFO380 gained $5.50 per metric tonne (pmt) to put the price at $652.50, with MGO making an $11.50 gain to $961.00 pmt.
Hong Kong IFO380 advanced for a forth consecutive market day, up $4.50 to $663.50, while MGO saw a gain of $7.50 to $958.50 pmt.
Rotterdam 380 cSt product saw a third day of increasing prices by adding $8.00 on yesterday's price of $626.50 to move to $634.50, with MGO rising $12.00 to $940.50.
It was a sixth consecutive day of gains for IFO380 in Fujairah, a gain of $2.00 to $659.50 making it a week on week gain of $15.00, while MGO softened dropping $2.50 to $1009.00.
Houston IFO380 climbed for a fourth consecutive market day gaining $4.00 to $633.50, ECA compliant 1.00% maximum sulfur 380 cSt product (LS380) was down $1.00 to $741.00 putting the high sulfur / low sulfur spread at $107.50 in the port, and MGO gained $4.50 to $986.50 pmt.
LA / Long Beach IFO380, which hasn't dropped in price since $611.00 on July 27, 2012, jumped $22.50 today to $662.50, while LS380 gained $20.00 to $910.00.
The WTI spot price dropped $0.32 to $93.35 per barrel.
