Spot prices for bunker fuel were mostly unchanged in the week ending July 26, with both high and low sulfur fuel slightly above $600 per metric ton, according to daily BunkerVision price data via international marine fuel oil broker LQM Petroleum Services.
The average price for high sulfur bunker fuel in Rotterdam, a global indicator of bunker prices, was $606.10 per metric ton, up just 0.1 percent or 40 cents from the week ending July 19. One metric ton is equivalent to about 6.4 barrels or 300 gallons. During the past four weeks, prices surged 5 percent or $28.70 per metric ton. The average spot price rose 0.6 percent year-over-year and 1.7 percent or $10.35 per metric tons from the beginning of 2013.
Low sulfur spot prices averaged $614 per metric ton in the week ending July 26, also inching up 0.1 percent or 80 cents per metric ton from the prior week. Prices have climbed 1.3 percent or $8 in the past three weeks. The current price is down 5.6 percent from the same week in 2012 and down 1.2 percent or $7.38 from the first week of 2013.