EMEA News
Monday's Bunker Prices Uncertain in Europe
Bunker prices in Europe saw small mixed movements today, with Ship & Bunker data showing IFO380 up in Rotterdam and falling in Piraeus. It was a similar picture elsewhere in the EMEA region, with Fujairah IFO soft as MGO at the port made a slight gain.
Rotterdam IFO380 moved up for a third consecutive market day gaining $1.00 to $619.00 per metric tonne (pmt), an increase of $2.50 week-on-week, and $30.00 higher than December 28, 2012. Low sulfur 380 cSt product (LS380) moved up $3.00 to $652.00 making the premium for the Emissions Control Area (ECA) compliant fuel $33.00 pmt. MGO rose $1.00 to $955.50 pmt, up $10.00 since last Monday.
Fujairah IFO380 was down $0.50 to $625.50 pmt, $1.00 lower than last Monday, and $19.00 higher month-on-month. MGO in Fujairah moved up for a second consecutive market day rising $1.00 to $999.00 pmt, $4.00 lower than this time last week.
Istanbul IFO380 moved down $2.00 to $653.00 pmt, down $3.50 week-on-week, and $30.50 higher than December 28, 2012. MGO in the port was steady at $1024.50 pmt, $10.00 higher than last Monday, and an increase of $31.00 month-on-month.
Piraeus IFO380 dropped $0.50 to $640.00 pmt, $3.00 lower week-on-week, and up $36.50 since December 28, 2012. LS380 dropped $3.50 to $713.00 making the premium for the low sulfur grade $73.00 pmt. MGO moved down for the first time since January 18, 2013 $5.50 to $993.00 pmt, $8.50 higher than last Monday.
