Bunker fuel priceBunker fuel prices for 380 and 180 CST in Suez surged Monday as supplies dwindled, leaving only an old cargo of fuel pricing around its delivery date of August 2014.

“There’s no availability, only an old cargo of fuel and no news when the next avails [will arrive],” one trader said.

Delivered 380 CST prices in Suez soared, rising $241 to $638.50/mt as a result.

“There’s only an old cargo from August 2014…380 CST is indicated at $638/mt,” a bunker supplier at the port said.

In late March, prices spiked about $250/mt to $640.50/mt in Suez due to tight availability and a dearth of barges to deliver material, but fell just as quickly toward the end of the month following the delivery of a fresh cargo.

Source: Platts