Many ports in the EMEA region saw bunker prices make gains on Tuesday, however Rotterdam IFO380 saw little change and Polish ports saw IFO move down $2.00. MGO in Piraeus and Istanbul saw some big gains and moved up $31.00 and $21.00 respectively, as Ceuta MGO moved up $35.
Rotterdam IFO380 fell $0.50 to $595.00 per metric tonne (pmt) making a week-on-week gain of $6.00 and down $55.50 since August 20, 2012. Low sulfur 380 cSt product (LS380) was up $1.50 to $626.50 pmt and down $85.50 in the last three months making today's premium for the low sulfur grade $31.50 pmt. MGO climbed $9.50 to $934.50 pmt for a week-on-week gain of $15.50.
Piraeus IFO380 gained $10.00 to $617.00 pmt adding $2.50 to last Friday's price and losing $28.00 over the past month, LS380 climbed $17.00 to $678.00 pmt and falling $68.00 since August 20, 2012. MGO at the port jumped up $31.00 to $975.00 pmt for a week-on-week increase of $22.00 and down $42.00 in the past month.
Fujairah IFO380 was up for a second consecutive day rising $0.50 to $617.50 pmt adding $11.00 to last Tuesday's price and falling $20.00 in a month. MGO was also up $0.50 climbing to $1024.50 and gaining $4.00 over the previous two weeks.
Istanbul IFO380 rose $7.50 to $630.00 pmt making a $29.00 loss over the past month, and MGO made a double digit gain up $21.00 to an even $1000.00 pmt making a week-on-week increase of $7.50, having added $14.00 in the last two weeks.
