:: Bunkering --- ID :: 13983
Fuel Oil continues rally
Tightening the supply

By Srinivas Chowdary Sunkara // petrobazaar //23rd June, 2017

Daily Bunker Price Trends

Fuel oil continues its over all upward trend working as a proof of evidence for OPEC cuts and its affect. The cuts in sour crude caused the surge in fuel oil prices.

IFO 380 CST

IFO 380

23 Jun 2017

22 Jun 2017

+/- ($)

+/-(%)

Singapore

291.50

290

1.5

+0.51%

Rotterdam

271

268

3

+1.11%

Fujairah

283.5

287.5

(-)4

(-)1.39%

Busan

310

 310

 0

 0

IFO 380 CST prices are up at both Singapore and Rotterdam ports at $291.50 and $271 with a rise of $1.5 and  $3 where as  prices slid at Fujairah port with $4 to $283.5 whereas Busan port maintained the previous price of $310 per Mt without any changes.

IFO 180 CST

IFO 180

23 Jun 2017

22 Jun 2017

+/- ($)

+/- (%)

Singapore

327

321

+6

+1.86%

Rotterdam

298.5

296.5

+2

+0.67%

Fujairah

345

345

0

0

Busan

 325

 325

 0

 0

180 Cst prices are stabilised without any changes at Fujairah and Busan ports with $345 and $325 per Mt. respectively where as Rotterdam port 180 cst prices were spiked by $2 to $298.50 while at Singapore it was spiked by $6 to $327 per Mt.

MGO

MGO

23 Jun 2017

22 Jun 2017

+/- ($)

+/- (%)

Singapore

418

416

+2

+0.48%

Rotterdam

394.5

393.5

+1

+0.25%

Fujairah

547.5

547.5

0

0

Busan

 460

 460

 0

 0

MGO prices at Singapore  and Rotterdam were edged up to settle at $418 and $394.5 with a spike of $2 and $1 each while Fujairah and Busan ports maintained the previous prices without any changes to close at $547.50 and $460.


courtesy:bunkerindex.com