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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Monthly Fujairah 380 cSt average up to highest level since October

31 May 2016 11:45 GMT

21.4 percent increase in May is the most significant in 15 months.



The average price of 380 centistoke (cSt) intermediate fuel oil (IFO) in Fujairah rose to its highest level in seven months in May, according to Bunker Index price data.

The monthly 380 cSt average at the Middle East's leading bunker port was up $41, or 21.4 percent, to $233 per tonne, during a month that saw Fujairah's best-selling fuel grade record a $32 low-to-high price differential with a range of $213 to $245 per tonne.

It is the fourth monthly increase in a row, but the fifth since May 2015. The 21.4 percent rise is the most significant since February 2015. In dollar terms, it equals the $41-dollar increase in May 2015.

The month ended with an assessment price of $242.50 per tonne - up $14.00, or 6.1 percent, on the $228.50 per tonne recorded on the last trading day of April.

A full summary of current and historical prices in Fujairah can be found by clicking on the following link:

http://www.bunkerindex.com/prices/portfree_xmdo.php?port_id=214

Please find tables below outlining average monthly Fujairah 380 cSt prices between January 2015 and May 2016, and end-of-month prices since December 2015.

Month Average ($/mt) Low High
May 16 233 213.00 245.00
Apr 16 192 158.00 230.00
Mar 16 170 142.00 185.00
Feb 16 153 137.00 175.00
Jan 16 148 122.00 176.00
Dec 15 176 150.00 220.00
Nov 15 225 202.00 248.00
Oct 15 243 225.00 280.00
Sep 15 237 220.00 270.00
Aug 15 251 197.00 285.00
Jul 15 308 284.00 343.00
Jun 15 349 322.00 385.00
May 15 381 364.00 410.00
Apr 15 340 310.00 366.00
Mar 15 334 298.00 385.00
Feb 15 357 300.00 395.00
Jan 15 287 260.00 320.00


DatePrice ($/mt)Day's LowDay's High
May 31, 2016242.50 240.00 245.00
April 30, 2016228.50 227.00 230.00
Mar 31, 2016172.50 170.00 175.00
Feb 29, 2016149.00 148.00 150.00
Jan 29, 2016166.50 158.00 175.00
Dec 31, 2015159.00 153.00 165.00






Related Links:

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