Spot prices for high and low sulfur bunker fuel this week resumed the declines that they had been experiencing before last week’s modest gains, 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 $587.50 per metric ton in the week ending Oct. 25, sliding 0.5 percent or $3.20 from last week. One metric ton is equivalent to about 6.4 barrels or 300 gallons. The price for high sulfur fuel is down 3.3 percent or $20 during the past twelve weeks. The average spot price for high sulfur fuel is down 3.7 percent year-over-year and is 1.4 percent or $8.25 per metric ton below the price at the beginning of 2013.
Low sulfur spot prices averaged $607.70 per metric ton in the week ending Oct. 25, inching down 0.7 percent or $4.40 per metric ton from the week before. During the past eight weeks, prices fell 3.0 percent or $18.60. The current price is down 5.2 percent from the same week in 2012, and is 2.2 percent or $13.68 lower than the price at the beginning of 2013.