Bunker prices end the week making gains
Contributed by Ship & Bunker
After bunker prices were falling in the earlier part of the week, Ship & Bunker data showed many key ports with rising prices on Friday.
There was little movement throughout most of Asia on Friday, but key port Singapore saw IFO380 gain $2.50 to $603.00 per metric tonne (pmt), but ended the week $11.00 lower than last Friday. Low sulfur 380 cSt product (LS380) was down $3.50 to $688.00 falling $14.00 since last Friday, and MGO made a relatively big gain of $18.50 to $881.50 pmt, $12.00 higher week-on-week.
Prices were up across Europe and the Mediterranean and Black Sea regions on Friday, with Rotterdam IFO380 up $4.00 to $586.50 pmt, $7.00 lower than this time last week. LS380 rose $5.00 to $614.00 to end the week $1.50 lower than last Friday, while MGO moved up $9.50 to $852.50 pmt for a week-on-week gain of $3.00.
Fujairah IFO380 was up $3.50 to $608.00 pmt, but was down $12.50 over the last week. MGO rose $5.50 to $1006.50 pmt for a week-on-week gain of $2.00.
A soft-to-steady West Coast was the exception to rising prices elsewhere in North America. Houston IFO380 ended a run of seven consecutive market days of downward movement with a gain of $2.50 to $584.50 pmt, $13.50 lower than this time last Friday. LS380 moved up $1.50 to $643.00, down $5.00 on the week, while MGO was up $3.00 to $969.00 pmt which was $7.50 lower than last Friday.
More bunker prices: http://shipandbunker.com/prices
