Tuesday bunker prices mixed in Europe
Bunker prices were mixed in European ports today, and falling in the U.S. and Asia. Key price indicator ports Singapore, Rotterdam and Houston all saw IFO380 fall for a second consecutive day while the grade was steady in Fujairah, Ship & Bunker reports.
Singapore IFO380 dropped $3.00 to $636.00 per metric tonne (pmt), and MGO moved up $3.50 to $958.00 pmt.
Hong Kong saw IFO380 fall for a second market day losing $5.00 to $646.00, while MGO ended two consecutive market days of gains and slipped $4.00 to $976.00 pmt.
Rotterdam IFO380 was down $5.50 to $615.50 pmt, 1.00% maximum sulfur 380 cSt product (LS380) dropped $6.50 to $657.00, and MGO gained for a third consecutive market day rising $5.00 to $979.00 pmt.
Fujairah 380 cSt was steady at $635.00, while MGO moved down for the first time since October 4, 2012 losing $2.50 to $1033.50 pmt.
Houston IFO380 lost $2.50 bringing the price to $630.00, LS380 fell $4.50 to $725.00, and MGO moved up for a third consecutive market day gaining $2.00 to $1051.00 pmt.
LA / Long Beach IFO380 was down $1.50 to $664.00, while LS380 dropped $2.00 to $787.00 making the premium for the low sulfur grade $123.00 pmt.
The WTI spot price moved up $3.06 (3.43%) to close at $92.39 per barrel.
