Baltic Exchange: Bunker Report (5 October, 2023)

The following bunker report has been provided by freight market information provider Baltic Exchange for post on Singapore bunkering publication Manifold Times:

Commentary:

Prices are down across the board compared to last week, with HSFO grades taking the biggest hits. 380 is down ~17% in Singapore, 13% in Fujairah, and 14% in ARA. Compliance fuels are also off, though not to the same degree. LSMGO is down 10% in ARA and -9% in Singapore as well. Uncertainty from geopolitics seems to be depressing prices, rather than inspiring any upward moves. Volatility is high in ARA, with significant price swings on LSMGO. Also in contrast to the price action, supplies are beginning to tighten in Houston and Fujairah, but not enough to move the market back up. Stems in Singapore are looking to end of next week for delivery on most grades.

Note:

All values are in US$/metric ton, all-in (invoice price), delivered on board
Delivery in 7-10 days
ISO 8217:2010
IFO 380 3.5% Sulphur
IFO 380 0.5% Sulphur
DMA 0.1% Sulphur

Rotterdam – Waalhaven – Maasvlakte range
Houston – Houston Harbor
Singapore – Anchorage, under SBA Scheme
Fujairah – Offshore Anchorage Area

Submitted weekly at Close of Business on Thursdays

Panellists:
Island Oil Limited, Cockett Marine Oil Pte, Monjasa A/S, KPI OceanConnect, Transparensea Fuels 

Photo credit and source: Baltic Exchange
Published: 6 October, 2023