Bunker prices climb in North and Western Europe
Marine fuel prices in North and Western Europe were moving up on Wednesday, while Mediterranean and Black Sea markets were soft. In the Middle East, Fujairah a saw small losses for all grades, and Oceananic Africa markets were somewhat mixed, Ship & Bunker reports.
Rotterdam IFO380 moved up for the first time since December 5, 2012 rising $0.50 to $579.00 per metric tonne (pmt), making a week-on-week change of $-11.00, and a monthly change of $-8.50. Low sulfur 380 cSt product (LS380) gained $1.50 to $614.50 making the premium for the Emissions Control Area (ECA) compliant fuel $35.50 pmt. MGO rose for the first time since December 3, 2012 climbing $11.50 to $906.50 pmt, down $24.00 from last Wednesday.
Fujairah IFO380 fell $1.50 to $601.00 pmt, falling $6.00 from last week, and losing $5.00 from the price a month ago. MGO in Fujairah dropped $2.00 to $1011.50 pmt, down $9.00 week-on-week, and falling $36.50 over the past three months.
Istanbul IFO380 moved down $1.00 to $618.00 pmt, losing $9.00 since last Wednesday, and slipping $1.00 from the price last month. MGO dropped for a sixth consecutive market day falling $2.00 to $968.50 pmt, down $26.00 in a week, and losing $72.50 over the past three months.
Piraeus IFO380 slipped $2.00 to $600.00 pmt, $7.00 lower than last week, and down $2.50 on last month's price. LS380 climbed $4.00 to $665.50 making the premium for the low sulfur grade $65.50 pmt. MGO in the port slipped $0.50 to $930.00 pmt, making a week-on-week loss of $29.00.
