BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR PRIVACY & COOKIE NOTICE
X

Platts Marine


A closer look at Platts shipping coverage


Home Bunker Fuel Tankers
February 20, 2018

Bunker Fuel

Markets

Latin American Bunkers Commentary

New York (Platts)--07Dec17/0745 pm EST/ 0045 GMT

Bunker fuel prices in Latin America were stable to higher on Thursday as key energy complex factors pushed higher, including Brent crude, high sulfur fuel oil and ULSD prices. In Balboa, Panama, IFO 380 gained $1.50 on Thursday, to $350/mt ex-wharf. There was no activity during the Platts Market on Close assessment process. The increase tracked a 57-cent rise to $52.72/b in the US Gulf Coast HSFO price, equivalent to $3.62/mt. Platts assessed ICE February Brent at $62.14/b, up 95 cents, at 2:30 pm EST (1930 GMT). Along the Pacific Coast of South America, IFO 380 prices were higher throughout the region in part due to talk of tight supply in key ports. Pricing is expected to continue to rise in the short term. The assessment in Callao, Peru, was up $1 at $456/mt and in Guayaquil, Ecuador, the price was $1 higher at $437/mt. The gap between the competing ports has hovered around the $20/mt mark. Peru typically carries a $10 premium over Guayaquil, according to market sources. On the East Coast of South America, the Buenos Aires IFO 380 assessment regained the $2 it shed Wednesday to $393/mt, while neighboring Montevideo, Uruguay, rose $2 to $475/mt. In Santos, Brazil, the price fell $9 at $359/mt amid lower offers from the local refiner. Marine gasoil gained $5 in Buenos Aires to be assessed at $690/mt on higher price indications. MGO was flat at $795/mt in Valparaiso, Chile, on stable offers from a supplier at $797/mt. In Balboa, MGO rose $5 to $582/mt ex-wharf, tracking an increase in the NYMEX January ULSD contract, which moved up 3.57 cents ($11.17/mt) to $1.8970/gal.


Trends

Santos 180 CST


Receive end-of-day price assessments at your desktop with Platts Market Data



Tankers




Copyright © 2018 S&P Global Platts, a division of S&P Global. All rights reserved.