Bunker prices end the week higher
Contributed to IAA PortNews by Ship & Bunker
Bunker prices ended last week higher in most world regions, Ship & Bunker data showed, as WTI dropped for the first time since the previous week, falling $0.64 to an even $93.00.
Singapore IFO380 gained $5.50 to $610.00 pmt for a week-on-week change of $+9.00, while low sulfur 380 cSt product (LS380) at the port slipped $1.00 to $644.50
Ports in Europe saw IFO380 make slightly larger gains than in Asia, around $5.00 to $7.00 pmt, with Rotterdam IFO380 rising $5.00 to $582.50 pmt, a week-on-week gain of $7.50.
Fujairah IFO380 was up $5.50 to $614.00 pmt to move $11.50 higher then the current low for the year, while MGO at the port gained $1.50 to $1008.50 pmt, $4.50 higher than the previous Friday.
In the Americas, IFO380 made some stronger gains in South America which saw prices rise as much as $10.00 on Friday, while Los Angeles and Long Beach made it a sixth day of rising prices with the smallest single day gain in that time, up $4.00 to $661.50 pmt for a big jump of $+48.00 since this time last week.
Houston IFO380 moved up $2.50 to $581.50 pmt for a gain of $5.00 week-on-week.
Read more: http://shipandbunker.com/news/world/175880-daily-bunker-price-report-friday-april-27-2013
