Bunker prices up on Thursday
Thursday's marine fuel prices continued to move slowly up, and key indicator ports Singapore, Rotterdam, Fujairah, and Houston all saw IFO380 climb for a second consecutive day gaining between $5.50 and $7.00 pmt, Ship & Bunker reports.
Singapore IFO380 moved up $7.00 to $651.50 per metric tonne (pmt) for a week-on-week gain of $11.50, and MGO gained for a third consecutive day climbing $5.50 to $976.00 pmt.
Hong Kong saw IFO380 rise for a second consecutive day adding $9.50 to bring the price to $661.50 pmt, while MGO was up $4.50 to $993.00.
Rotterdam IFO380 gained $6.00 to $631.00 pmt, 1.00% maximum sulfur 380 cSt product (LS380) moved up $2.00 to $671.50, and MGO moved up for a fifth consecutive market day climbing $12.50 to $1010.00 pmt.
Fujairah 380 cSt product was up $5.50 to $652.50, $12.50 higher than last Thursday's price, while MGO moved down $1.50 to $1039.00 pmt.
Houston IFO380 climbed $6.00 to $642.00 pmt, LS380 gained $7.00 to $746.50, and MGO moved up for a fifth consecutive market day adding $2.50 to bring the price to $1059.00 pmt.
LA / Long Beach IFO380 was up $1.50 to $676.00 pmt, while LS380 dropped for a third consecutive day losing $4.50 to $770.50 bringing the premium for the low sulfur grade to $94.50 pmt.
The WTI spot price gained $0.82 (0.90%) to close at $92.07 per barrel.
