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Fri 2 Dec 2016, 10:28 GMT

Singapore 380 cSt dips 2.1% in November


Singapore's best-selling bunker product also ended the month 2.7% higher than the last trading day of October.

The monthly 380 cSt average at the world's leading bunker port by volume sold, Singapore, fell for the first time since August in November, according to Bunker Index price data.

Singapore's 380 cSt average decreased by $6, or 2.1 percent, to $276 per tonne last month, down from $282 per tonne in October. Despite the dip, it is the second-highest monthly average since July 2015.

The month-on-month decrease is the most significant in 10 months - since the $19, or 10.6 percent, drop recorded in January.

November saw Singapore's best-selling fuel grade record a $35 low-to-high differential, with a price range of $260 to $295 per tonne. The lowest price of $260 per tonne was seen on 14th and 15th November, whilst the month's highest price of $295 per tonne was quoted on 23rd November.

The month ended with an assessment price of $290.50 per tonne, up $7.50, or 2.7 percent, on the $283.00-per-tonne figure recorded on the last trading day of October.

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

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

MonthAverage($/mt)LowHigh
Nov 16276 260.00 295.00
Oct 16282 263.00 294.00
Sep 16256 244.00 268.00
Aug 16240 208.00 264.00
Jul 16241 212.00 259.00
Jun 16239 223.00 262.00
May 16223 206.00 234.00
Apr 16192 165.00 225.00
Mar 16177 155.00 190.00
Feb 16158 145.00 180.00
Jan 16161 143.00 188.00
Dec 15180 154.00 219.00
Nov 15227 212.00 250.00
Oct 15238 224.00 260.00
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


DatePrice ($/mt)Day's LowDay's High
Nov 30, 2016290.50 289.00 292.00
Oct 31, 2016283.00 281.00 285.00
Sep 30, 2016262.00 259.00 265.00
Aug 31, 2016258.00 256.00 260.00
Jul 29, 2016216.00 212.00 220.00
Jun 30, 2016259.00 256.00 262.00
May 31, 2016230.00 227.00 233.00
Apr 30, 2016224.00 223.00 225.00
Mar 31, 2016179.00 178.00 180.00
Feb 29, 2016152.00 150.00 154.00
Jan 29, 2016173.50 165.00 182.00
Dec 31, 2015173.00 169.00 177.00
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