Bunker prices mostly steady on Monday
Monday's bunker prices were relatively steady with many ports seeing small mixed movements. Key price indicator ports Singapore, Rotterdam, and Fujairah saw IFO380 move down between $1.00 and $2.50, while Houston saw the grade make a $1.00 gain.
Singapore IFO380 slipped $1.00 to $647.50 per metric tonne (pmt), and MGO gained $1.00 to bring the price to $975.50 pmt.
Hong Kong saw IFO380 and MGO end three consecutive market days of gains and drop $3.00 to $659.50 and $1.50 to $994.00 respectively.
Rotterdam IFO380 and low sulfur 380 cSt product (LS380) fell $1.00 to $627.00 and $661.00 pmt respectively, while MGO saw losses for a second consecutive market day dropping $3.00 to $1004.00 pmt.
Fujairah 380 cSt product was down $2.50 to $649.00, and MGO fell for a third consecutive market day slipping $3.00 to $1032.50 pmt.
Houston IFO380 was up $1.00 to $637.00, LS380 dropped for a second consecutive market day falling $0.50 to $737.50, while MGO ended six consecutive market days of gains and lost $4.00 to bring the price to $1067.00 pmt.
LA / Long Beach IFO380 gained for a fourth consecutive market day climbing $5.00 to $690.00 pmt, and LS380 moved up $10.50 to $780.50 making the premium for the low sulfur product $90.50 pmt.
The WTI spot price opened the week moving down just $0.01 to close $91.85 per barrel.
