Wed 30 Sep 2015, 10:30 GMT

Lowest Singapore 380 cSt average since December 2008


Monthly 380 cSt average falls to its lowest level since the end of 2008.



The average monthly price of 380 centistoke (cSt) intermediate fuel oil (IFO) in Singapore fell to its lowest level since the end of 2008 during the month of September, according to Bunker Index price data.

The 380 cSt average at the world's leading bunker port decreased by $9, or 3.7 percent, to $237 per tonne this month, down from $246 per tonne in August. It is the lowest figure since the $232.00-per-tonne price recorded in December 2008.

September saw Singapore's best-selling fuel grade record a $42 daily low-to-high price range of $220 to $262 per tonne. The lowest price of $220 per tonne was recorded on Sepember 29, whilst the $262-per-tonne price was being quoted on September 1.

Please find a table below outlining average monthly Singapore 380 cSt prices between April 2008 and September 2015.

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

http://www.bunkerindex.com/prices/portfreels_xmdo.php?port_id=682

MonthAverage($/mt)LowHigh
Sep 15237 220.00 262.00
Aug 15246 203.00 272.00
Jul 15306 278.00 339.00
Jun 15357 330.00 385.00
May 15375 358.00 398.00
Apr 15339 310.00 368.00
Mar 15324 300.00 358.00
Feb 15351 295.00 377.00
Jan 15283 265.00 318.00
Dec 14365 310.00 443.00
Nov 14468 435.00 488.00
Oct 14498 459.50 558.00
Sep 14574 556.00 596.00
Aug 14591 582.00 602.00
Jul 14596 586.00 613.00
Jun 14607 590.00 623.00
May 14592 581.00 605.00
Apr 14587 577.00 594.00
Mar 14596 590.00 616.00
Feb 14612 598.50 630.00
Jan 14606 595.00 635.00
Dec 13606 598.00 621.00
Nov 13602 593.50 617.00
Oct 13611 600.00 625.00
Sep 13599 585.00 615.00
Aug 13600 588.00 612.00
Jul 13593 582.00 604.00
Jun 13596 570.00 615.00
May 13603 590.00 622.00
Apr 13610 585.00 639.00
Mar 13628 617.00 641.00
Feb 13646 626.00 663.00
Jan 13625 605.00 639.00
Dec 12599 587.00 610.00
Nov 12603 586.00 616.00
Oct 12637 613.50 656.00
Sep 12670 628.00 699.00
Aug 12658 623.00 685.00
Jul 12607 584.00 632.00
Jun 12583 560.00 610.00
May 12663 619.00 720.00
Apr 12715 705.00 734.00
Mar 12727 718.00 740.00
Feb 12725 710.00 739.00
Jan 12722 689.00 737.00
Dec 11661 625.00 684.00
Nov 11682 655.00 713.00
Oct 11660 625.00 690.00
Sep 11644 620.00 669.00
Aug 11645 623.00 684.00
July 11659 632.00 681.00
June 11647 620.00 677.00
May 11633 608.00 670.00
Apr 11669 650.00 685.00
Mar 11633 622.00 645.00
Feb 11606 562.00 668.00
Jan 11534 507.00 560.00
Dec 10498 492.00 506.00
Nov 10482 462.00 508.00
Oct 10462 451.00 473.00
Sep 10436 429.00 448.00
Aug 10441 422.00 465.00
Jul 10434 412.00 450.00
Jun 10435 418.00 450.00
May 10 452 406.00 498.00
Apr 10 480 458.00 497.00
Mar 10 459 447.00 473.00
Feb 10 456 434.00 473.00
Jan 10 481 455.00 508.00
Dec 09 463 438.00 490.00
Nov 09 464 447.00 477.00
Oct 09 440 412.00 465.00
Sep 09 426 408.00 442.00
Aug 09 437 418.00 452.00
Jul 09 407 381.00 437.00
Jun 09 398 385.50 422.00
May 09 343 294.00 382.00
Apr 09 289 256.00 308.00
Mar 09 244 225.00 272.00
Feb 09 257 235.00 278.00
Jan 09 258 235.00 288.00
Dec 08 232 214.00 260.00
Nov 08 235 205.00 295.00
Oct 08 406 268.00 575.00
Sep 08 610 530.00 714.00
Aug 08 671 617.00 728.00
Jul 08 718 665.00 763.00
Jun 08 629 573.00 681.00
May 08 580 524.00 635.00
Apr 08 523 491.00 545.00


Dubai skyline. Oilmar seeks senior bunker trader for Dubai office  

Experienced trader with proven P&L responsibility sought by UAE-headquartered firm.

CFD simulation of vessel with three eSAILs. ABS reviews bound4blue’s Pwind calculation methodology for eSAIL wind propulsion systems  

Independent review aims to ease regulatory compliance and accelerate adoption of suction sail technology.

Port of Rotterdam aerial view. Port of Rotterdam appoints new programme manager for bunkering  

Astrid Sonnevelt has a background in renewable products, business development and emissions reduction.

Merlion statue in Singapore. Oilmar seeks bunker trader for Singapore office  

Marine fuels trading role open to mid-level and senior-level candidates.

Floating hydrogen terminal render. Höegh Evi and Nord Gas Solutions complete ammonia-to-hydrogen cracking tests in Norway  

Pilot cracker achieves 99.5% hydrogen purity, supporting floating terminal deployment plans across Europe.

Lucia Cosulich vessel. Fratelli Cosulich Marine Energy takes delivery of second methanol-ready bunker tanker  

Lucia Cosulich is second of four sister vessels in the group’s fleet expansion programme.

Grimaldi ro-ro passenger vessel render. AYK Energy secures nine-vessel battery deal with Grimaldi Group  

New ro-pax vessels will feature multi-fuel engines capable of running on methanol.

World Fuel logo. World Fuel hiring Korean-speaking bunker trader for Singapore hub  

Bunker trader sought to cover Korea and the wider region.

Aerial view of a container vessel. EU ETS 2026 review raises cost predictability concerns for European shippers  

European Shippers' Council warns that carbon market reforms could affect logistics planning and competitiveness.

Grande Oriente vessel. Grimaldi takes delivery of 12th ammonia-ready car carrier Grande Oriente  

Naples-based firm says its latest PCTC halves fuel consumption compared with earlier-generation vessels.