EMEA News
IFO Soft in Rotterdam, Makes Small Gains in the Rest of Europe
Bunker prices in the EMEA region saw IFO making mostly small gains on Tuesday, however IFO380 in Rotterdam was down for a fourth consecutive market day. MGO in the region saw some mixed movements, with many ports seeing further losses.
Rotterdam IFO380 fell $1.50 to $578.50 per metric tonne (pmt), down $9.50 week-on-week, and slipping $9.00 from last month's price. Low sulfur 380 cSt product (LS380) moved up $4.50 to $613.00 making the premium for the Emissions Control Area (ECA) compliant fuel $34.50 pmt. MGO moved down for a fifth consecutive market day falling $8.50 to $895.00 pmt.
Fujairah IFO380 was up for a second consecutive day rising $1.00 to $602.50 pmt, making a weekly change of $-4.50, and a monthly change of $-3.50. MGO in the port fell for a third consecutive market day dropping $2.50 to $1013.50 pmt, slipping $7.50 week-on-week, and down $8.50 since November 12, 2012.
Gibraltar IFO380 climbed $2.50 to $603.50 pmt, down $7.00 from last Tuesday, and losing $77.50 since September 11, 2012. Low sulfur 380 cSt product (LS380) moved up $4.00 to $646.00 making the premium for the low sulfur fuel $42.50 pmt. MGO dropped for a sixth consecutive market day falling $2.50 to $965.00 pmt.
Piraeus IFO380 rose $4.00 to $602.00 pmt, down $8.50 week-on-week, losing $0.50 from last month's price. LS380 climbed $11.50 to $661.50 making the premium for the low sulfur grade $59.50 pmt. MGO in Piraeus slipped for a fifth consecutive market day falling $4.50 to $930.50 pmt.
