North American bunker price movements continue to lack direction
Ship & Bunker data showed there was a continued lack of direction for bunker prices in North American markets on Thursday, while in South America, most Brazilian ports saw IFO gain $10.00 per metric tonne (pmt) today.
Houston IFO380 moved down for a third consecutive day falling $1.50 to $634.50 pmt, up $9.50 week-on-week, and $36.00 higher than December 10, 2012. Low sulfur 380 cSt product (LS380) fell $1.00 to $733.00 making the premium for the Emissions Control Area (ECA) compliant fuel $98.50 pmt. MGO rose $3.00 to $1018.00 pmt, gaining $7.00 since last Thursday.
LA / Long Beach IFO380 fell for a second consecutive day dropping $0.50 to $646.50 pmt, down $1.00 week-on-week, and up $17.00 since this time last month. LS380 climbed $1.00 to $767.50 making the premium for the low sulfur grade $121.00 pmt. MGO was up $4.50 to $1051.00 pmt, $4.50 lower than last Thursday.
New Orleans IFO380 rose $1.50 to $644.50 pmt, $6.50 higher than this time last week, and gaining $20.50 since December 10, 2012. LS380 was up $0.50 to $738.50 making the premium for the low sulfur grade $94.00 pmt. MGO rose for a fourth consecutive day up $4.00 to $1020.00 pmt, $13.00 higher than last Thursday.
Vancouver IFO380 fell $0.50 to $634.00 pmt, slipping $6.00 week-on-week, and $3.00 lower than December 10, 2012. LS380 fell $1.00 to $882.00 making the premium for the Emissions Control Area (ECA) compliant fuel $248.00 pmt. MGO climbed $16.50 to $1068.00 pmt, down $10.50 since last Thursday.
