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Fri 2 Dec 2016, 12:41 GMT

Fujairah 380 cSt average drops 3.8% in November


Middle East port recorded its biggest drop since January last month.

The average price of 380 centistoke (cSt) intermediate fuel oil (IFO) at the Middle East's leading bunker port, Fujairah, fell in November from the previous month's 15-month high, according to Bunker Index price data.

The monthly 380 cSt average at the Middle East's leading bunker port was down $11, or 3.8 percent, to $277 per tonne, during a month that saw Fujairah's best-selling fuel grade record a $41 low-to-high price differential, with a range of $259 to $300 per tonne.

The $277-per-tonne average is the second-highest in 16 months - since July 2015. The $11 drop is the most significant since January.

The month ended with an assessment price of $286.00 per tonne - down $1.00, or 0.3 percent, compared to the last trading day of October.

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 November 2016, and end-of-month prices since December 2015.

Month Average ($/mt) Low High
Nov 16 277 259.00 300.00
Oct 16 288 265.00 300.00
Sep 16 262 245.00 270.00
Aug 16 245 210.00 268.00
Jul 16 247 220.00 270.00
Jun 16 245 230.00 265.00
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
Nov 30, 2016285.00 275.00 295.00
Oct 31, 2016286.00 282.00 290.00
Sep 30, 2016266.50 263.00 270.00
Aug 31, 2016262.50 260.00 265.00
July 29, 2016225.00 220.00 230.00
June 30, 2016260.00 255.00 265.00
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
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