Wednesday prices continue down
Global bunker prices continued to fall for most products in most global ports on Wednesday, as Singapore IFO380 fell to its lowest price since August 1, 2012, Ship & Bunker reports.
Singapore IFO380 was down $7.00 per metric tonne (pmt) on the day and $13.00 pmt on the week to $630.50, while MGO fell $11.00 to $939.00 pmt,
Hong Kong IFO380 slipped $2.50 to $657.00 pmt, and MGO fell to early August levels, today down $6.50 to 971.50 pmt.
Rotterdam 380 cSt product and its low sulfur variant (LS380) fell $6.50 and $5.00 to $607.00 pmt and $636.00 pmt respectively. MGO was down $15.00 in the port to 951.00 pmt.
Fujairah IFO380 dropped $7.50 to $630.00 pmt, with MGO moving down $3.50 today to $1024.00 pmt.
Houston saw IFO380 down for a seventh consecutive market day, making its biggest drop in that time today of $6.50 to $615.50. LS380 fell $4.50, as it did last Wednesday, today moving to $718.50 pmt.
LA / Long Beach corrected yesterday's slight gain to fall $3.50 today to 673.00 pmt, and LS380 moved down $7.50 to $743.50 pmt to narrow the premium for the ECA compliant fuel to $70.50 pmt.
The WTI spot price was down for a fifth consecutive market day falling $0.99 to $85.33 per barrel.
