Ecuador breaks the $1500 barrier

Thu 23 Aug 2012, 10:33 GMT

Ecuador breaks the $1500 barrier

Ecuador is first country in the world since May to quote distillates above $1500/mt, according to Bunker Index data.

Ecuador has become the first country in the world since May to quote marine gasoil (MGO) above US$1500 per metric tonne following yesterday's weekly rise in bunker prices.

The price of MGO at Guayaquil, the country's major bunker port, soared by $38 yesterday to US$1502 per metric tonne following recent increases in the price of crude and gasoil.

Prices were last quoted above $1500 per tonne in Guayaquil on May 22, when the price was $1504 per tonne.

Please find a summary below of average monthly MGO prices in Guayaquil since the start of the year.

Month	Average($mt)	Low($mt)	High($mt)
Aug 12	1447	1436.00	1502.00
Jul 12	1444	1430.00	1452.00
Jun 12	1438	1430.00	1466.00
May 12	1496	1466.00	1528.00
Apr 12	1553	1528.00	1570.00
Mar 12	1553	1525.00	1570.00
Feb 12	1532	1496.00	1550.00
Jan 12	1491	1486.00	1496.00

MGO Milestone Ecuador Guayaquil (EC)


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