Bunker Price Index 03-09-2019

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 3rd Sep, 2019.

The Bunker Price Index consist of a range of prices for 180 HSFO, 380 HSFO and MGO (Gasoil) in the main world hubs demonstrated firm down trend during the yesterday&#39s session. In Singapore, Fuel Oil 180 cSt and 380 cSt graded futures prices dived by $43 at $415.5 and $385.5 respectively while MGO and MGOLS futures prices plunged by $18 to $560 and $570 yesterday. Meanwhile the world oil price index dropped after US and China started implementing new import tariffs wef Sep 1st. 

Ship&Bunker reported that a rollercoaster month for HSFO prices has resulted in August offering little clarity on what the premium for IMO2020 grader bunker will be. This is despite spot price indications for 0.5% sulfur VLSFO now being available for a number of key ports. However dramatic HSFO price movements during the period meant Singapore saw the VLSFO premium hit a high of $213.5/mt on August, 15, before narrowing to a low of only $81/mt on Thursday.

Disclaimer: Views and opinions expressed here are personal. This commentary is  for  information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com


Disclaimer: Views and opinions expressed here are personal. This commentary is for information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com

Recent Posts