EMEA News
More Gains for EMEA Bunker Prices on Friday
Bunker price movements in the EMEA region ended the week by continuing yesterdays positive sentiment, with Ship & Bunker data showing a majority of ports on Friday saw increased prices for both IFO and distillates.
Rotterdam IFO380 was up $3.00 to $618.00 per metric tonne (pmt), ending the week up $4.50 week-on-week, and $36.00 higher than this time last month. Low sulfur 380 cSt product (LS380) rose $0.50 to $649.00 making the premium for the Emissions Control Area (ECA) compliant fuel $31.00 pmt. MGO in the port fell for the first time since January 17, 2012 slipping $0.50 to $954.50 pmt, $9.00 higher than last Friday.
Fujairah IFO380 moved up $3.50 to $626.00 pmt, up $2.50 week-on-week, and $21.50 higher than December 25, 2012. MGO in Fujairah moved up for the first time since January 21, 2013 gaining $2.00 to $998.00 pmt, a decrease of $2.00 since last Friday.
Istanbul IFO380 climbed for the first time since January 21, 2013 rising $4.00 to $655.00 pmt, up $2.50 week-on-week, and $35.50 higher than this time last month. MGO was up $3.00 to $1024.50 pmt, $10.00 higher than last Friday, and gaining $33.00 since December 25, 2012.
Piraeus IFO380 was up $5.00 to $640.50 pmt, up $3.50 week-on-week, and rising $38.50 month-on-month. LS380 moved up $6.50 to $716.50 making the premium for the low sulfur grade $76.00 pmt. MGO rose for the fifth consecutive market day gaining $5.50 to $998.50 pmt, $15.00 higher than last Friday.
