Tuesday bunker prices remain steady
Ship & Bunker price data showed markets were mostly steady again on Tuesday, with many ports seeing small price movements that lacked any real direction.
Singapore IFO380 ended two consecutive days of falling prices and moved up $0.50 to $648.00 pmt (per metric tonne), and MGO gained $2.50 to $978.00 pmt.
Hong Kong saw IFO380 climb $1.00 to $660.50 pmt, while MGO moved down for a second consecutive day losing $1.00 to $993.00 pmt.
Rotterdam IFO380 was steady at $627.00 pmt, low sulfur 380 cSt product (LS380) was up $1.00 to $662.00, and MGO fell for a third consecutive market day dropping $8.00 to $996.00 pmt.
Fujairah 380 cSt product moved up for the first time since October 11, 2012 gaining $1.50 to bring the price to $650.50, while MGO was up $2.00 to $1034.50 pmt.
Houston IFO380 was down $1.00 to $636.00 pmt, LS380 climbed $0.50 to $738.00, and MGO dropped for a second consecutive day slipping $1.50 to $1065.50 pmt.
LA / Long Beach IFO380 gained for a fifth consecutive market day up $5.50 to $695.50 pmt, and LS380 jumped up $36.00 to $816.50 making the premium for the low sulfur product $121.00 pmt.
The WTI spot price moved up for the first time since October 11, 2012 adding $0.21 to bring the closing price to $92.09 per barrel.
