EMEA News
Further Gains for Bunker Prices in Europe
Markets in Europe continued to move up today, with Rotterdam seeing IFO380 make a third consecutive day of gains. Fujairah remained mostly flat, but, like most key ports in the EMEA region, the port saw week-on-week gains.
Rotterdam IFO380 moved up for a third consecutive day rising $2.00 to $586.50 per metric tonne (pmt), $8.50 higher than last Thursday, and $40.50 down over three months. Low sulfur 380 cSt product (LS380) rose $3.50 to $623.00 making the premium for the Emissions Control Area (ECA) compliant fuel $36.50 pmt. MGO fell $3.50 to $925.50 pmt, making a $20.50 week-on-week.
Fujairah IFO380 dropped $0.50 to $605.00 pmt, moving up $4.00 from last Thursday, and $12.50 down from the previous month. MGO in Fujairah moved down for a second consecutive day falling $2.50 to $1007.50 pmt, slipping $4.00 week-on-week, and $17.00 lower than last month.
Gibraltar IFO380 climbed for a second consecutive day gaining $1.50 to $605.50 pmt, rising $1.50 from last Thursday, and $13.50 down from November 20, 2012. LS380 was up $3.50 to $656.50 making the premium for the low sulfur grade $51.00 pmt. MGO moved up $8.50 to $982.00 pmt, making a $12.00 gain week-on-week.
Piraeus IFO380 moved up for a third consecutive day rising $2.50 to $602.50 pmt, up $1.00 from last Thursday, and down $14.50 from the last month. LS380 climbed $2.00 to $670.00 making the premium for the low sulfur product $67.50 pmt. MGO in the port was up for a sixth consecutive market day gaining $7.00 to $961.50 pmt, $25.00 higher than last Thursday.
