Good bunker demand reported in New York as prices firm on the East Coast
Market sources reported good demand in New York today as firm prices on the U.S. East Coast put key grade IFO380 at the port up $2.00 to $592.50 per metric tonne (pmt).
The grade has gained $4.50 since last Monday, but is still down $14.50 pmt over the last month with a spread of $22.00 in that time.
Low sulfur 380 cSt product (LS380) was up for a fifth consecutive market day today, climbing $2.00 to $634.00 pmt, making the premium for the Emissions Control Area (ECA) compliant fuel $41.50 pmt. However the product is still $52.00 lower over the last month.
MGO in New York was up $1.50 to $969.50 pmt today, just $0.50 lower than this time last week.
More bunker prices: http://shipandbunker.com/prices
