EMEA News
EMEA Bunker Price Movements Show Positive Sentiment
Mid-week bunker prices in the EMEA region were slightly mixed, but there was an overall upward sentiment today. Ship & Bunker data showed a number of ports see falling prices however, with Istanbul, and Gothenburg IFO moving down for a second consecutive day. There were double-digit movements for IFO180 in South Africa where Durban and Richards Bay gained $19.50 and $20.00 respectively.
Rotterdam IFO380 was up $0.50 to $637.50 per metric tonne (pmt), rising $16.00 week-on-week, and $31.50 higher than this time last month. Low sulfur 380 cSt product (LS380) climbed $5.00 to $678.50 making the premium for the Emissions Control Area (ECA) compliant fuel $41.00 pmt. MGO climbed $1.50 to $992.00 pmt, $23.50 higher than last Wednesday.
Fujairah IFO380 rose $4.00 to $648.00 pmt, up $13.00 week-on-week, and $29.50 higher than January 7, 2013. MGO in Fujairah climbed $1.50 to $997.50 pmt, $0.50 higher than this time last week, and losing $7.50 month-on-month.
Istanbul IFO380 moved down for a second consecutive day dropping $3.50 to $668.00 pmt, $11.00 higher than last Wednesday, and up $25.00 from January 7, 2013. MGO was up $7.00 to $1048.50 pmt, an increase of $18.00 week-on-week, and gaining $57.00 since this time last month.
Piraeus IFO380 climbed $3.00 to $657.00 pmt, up $14.50 week-on-week, and an increase of $31.00 since January 7, 2013. LS380 rose $10.50 to $734.50 making the premium for the ECA compliant fuel $77.50 pmt. MGO in the port was up for a sixth consecutive market day $7.50 to $1026.00 pmt, $25.50 higher than last Wednesday.
