North and Western Europe saw falling IFO prices in many ports on Friday, while Mediterranean and Black Sea bunker prices made small gains for all grades, Ship & Bunker data shows.
Rotterdam IFO380 moved down for the first time since December 13, 2012 slipping $3.00 to $583.50 per metric tonne (pmt), up $5.50 week-on-week, and falling $10.50 from last month. Low sulfur 380 cSt product (LS380) slipped $4.00 to $619.00 making the premium for the Emissions Control Area (ECA) compliant fuel $35.50 pmt. MGO climbed $6.50 to $932.00 pmt, rising $21.00 over the past week.
Fujairah IFO380 was up $1.00 to $606.00 pmt, making a $5.50 week-on-week gain, and $4.00 lower than the price on November 21, 2012. MGO moved up $1.50 to $1009.00 pmt, down $3.00 from last Friday, and dropping $11.50 from the previous month.
Istanbul IFO380 moved up for the first time since December 13, 2012 rising $12.00 to $619.50 pmt, up $1.50 from last Friday, and $0.50 higher than two weeks ago. MGO was up for a third consecutive day gaining $5.00 to $991.50 pmt, making a $13.00 week-on-week gain, and $7.50 lower than last month.
Piraeus IFO380 climbed for a fourth consecutive day up $2.00 to $604.50 pmt, $6.50 higher than last week, and $1.50 lower than last month. LS380 dropped $2.00 to $668.00 making the premium for the low sulfur grade $63.50 pmt. MGO was up for a seventh consecutive market day rising $4.00 to $965.50 pmt, ending the week $24.00 up on last week.
