Durban bunker fuel prices plunge on improved supply: trade

London (Platts)--22May2015/615 am EDT/1015 GMT

Durban bunker fuel prices have plunged after the supply situation in the region picked up when a major supplier began quoting again, sources said Friday.

Ex-wharf Durban 180 CST high sulfur bunker prices plummeted $165/mt Thursday to $435.50/mt, while marine gasoil fell $102/mt to $730.50/mt.

Ex-wharf 180 CST HSFO was heard at $440/mt Friday morning.

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Engen began quoting prices again after supply levels improved, according to sources.

Durban bunker prices spiked after the SAPREF refinery, a joint venture between Shell and BP, went into maintenance on April 20 following a fire.

The maintenance had originally been scheduled to start May 1 and run until mid-June, but was brought forward.

Engen sold more product that it had expected in the immediate wake of the SAPREF outage, and so only began quoting again consistently late this week, according to sources.

--Marko Trtica, This email address is being protected from spambots. You need JavaScript enabled to view it.
--Edited by James Leech, This email address is being protected from spambots. You need JavaScript enabled to view it.