Houston IFO380 bunker prices make gains on Monday
Contributed to PortNews by Ship & Bunker
Prices across the Americas were mostly falling on Monday, but Houston was one of the exceptions with Ship & Bunker data showing IFO380 gaining $2.50 to $579.00 per metric tonne (pmt). In contrast Low sulfur 380 cSt bunkers (LS380) made a relatively big jump down of 13.00 to $640.50 to narrow its premium to $61.50 pmt.
Prices in Asia gained on Monday, with Singapore IFO380 moving up $1.50 to $602.50 pmt, the second market day of gains and up $6.50 in that time. LS380 slipped $1.00 to $646.00 making the premium for the Emissions Control Area (ECA) compliant fuel $43.50 pmt.
A number of European ports saw no change in prices today, including Rotterdam where benchmark grade IFO380 stayed at $575.00 pmt, while LS380 remained at $587.00 pmt.
And after gaining on Friday, Fujairah IFO380 dropped $2.00 to $607.50 pmt to continue the uncertain movements of last week. MGO made its first gain since last Monday and was up $1.00 to $1002.50 pmt.
Read in full: http://shipandbunker.com/news/world/435712-daily-bunker-price-report-monday-april-22-2013
