EMEA News
Further Gains for Rotterdam Bunker Prices
Europe and the Middle East marine fuel prices were moving up in many ports, while African markets remained soft with Durban and Cape Town IFO180 falling $2.00 and $4.00 respectively.
Rotterdam IFO380 gained for a second market day up $3.00 to $597.50 per metric tonne (pmt), a gain of $2.00 on last Monday's price and down $8.00 from October 26, 2012. Low sulfur 380 cSt product (LS380) moved up $2.00 to $629.00 pmt making the premium for the low sulfur fuel $32.00. MGO at the port rose $5.50 to $944.00 pmt climbing $19.00 in the last week and down $43.50 over the past three months.
Piraeus IFO380 moved up $2.50 to $609.50 for a week-on-week gain of $2.50 and down $19.00 since October 26, 2012. LS380 fell for a second consecutive day down $8.00 to $665.50 bringing the premium for the low sulfur product to $56.00 pmt. MGO gained $4.50 to $978.00 pmt rising $34.00 over the past week and falling $5.50 since last month.
Fujairah 380 cSt product was up $4.00 to $615.00 pmt $2.00 below last Monday's price and down $76.00 from August 27, 2012. MGO in Fujairah climbed $1.50 to $1023.00 pmt $1.00 below the November 19, 2012 and $2.50 lower than last month's price.
Istanbul IFO380 rose $2.00 to $623.00 pmt making a $0.50 week-on-week gain and falling $30.00 since October 26, 2012. MGO in the port was steady at $1002.50 pmt, $23.50 above last Monday's price and down $22.50 since August 27, 2012.
