By Srinivas Chowdary Sunkara // Petrobazaar // 25th October 2021.
The Bunker Price Index consist of a range of prices for 380 HSFO, MDO and MGO (Gasoil) in the main world hubs traded mix across the major ports during the week. In Singapore HSFO 380 cSt prices went down $34 or 6.36 pct to $491 while MDO and MGO prices has gone up by $17.75 or 2.98 pct up at $621, $7 with 1.07 pct up at $715 respectively during the last week.
FUEL OIL PRICES TRENDS
In Singapore, Bunker barges delayed due to man power shortage on surge in virus cases. VLSFO is in severe shortage with a lead time gone up from 8-11 days. HSFO is available with a lead time stretching to 12 days ahead while LSMGO is more readily available with 5-7 days lead time. In Fujairah port, supplies are tightened as well with lead time standing at 8 days ahead. VLSFO and LSMGO are more readily available in Fujairah port. Bunker operations were suspended in Fujairah port again on Thursday following rough weather in the region. However, Bunker suppliers have been trying to clear backlogs for the past week. In Chinese port, the number of vessels waiting has now been increased depending on the weather conditions. In Gibraltar, all fuel grades remained tight for prompt dates. U.S gulf coast refineries ramped up fuel oil production to levels not seen since late August, before the region was battered by two damaging storms. In India, Fuel Oil retail selling prices may go down in the next month.
GOOD DAY TO ALL.