Bunker prices fall further on Tuesday
South America saw some rising bunker prices today while elsewhere ports generally saw prices continue to make small downward movements.
Singapore IFO380 fell back to Friday's price losing $2.50 to $674.50 per metric tonne (pmt), and MGO dropped $5.00 to $996.50 pmt.
Hong Kong saw IFO380 steady at $692.00 pmt, while MGO rose $3.00 to $1012.00 pmt.
Rotterdam IFO380, 1.00% maximum sulfur 380 cSt product (LS380), and MGO all fell on Tuesday. IFO380 dropped $4.50 to $652.50 pmt, LS380 was down $7.00 to $706.50 and MGO was down $3.00 to $984.50 pmt.
Fujairah 380 cSt product fell $4.50 to $686.50 pmt, while MGO ended three consecutive market days of gains and moved down $4.00 to $1036.50.
Houston IFO380 and LS380 both fell for a second consecutive day dropping $4.50 to $656.00 and $6.50 to $754.50 respectively, and MGO gained $1.00 to $1037.00 pmt.
LA / Long Beach IFO380 and LS380 both ended two consecutive market days of gains and fell $5.00 to $691.50 and $14.00 to $955.00 pmt bringing the premium for the low sulfur product to $263.50 pmt.
The WTI spot price on Tuesday moved up for the first time since August 22, 2012 gaining $0.86 to close at $96.33 pmt.
