EMEA bunker prices start the week soft
With a few exceptions that included Hamburg and St Petersburg, bunker prices across Europe, Africa, and the Middle East were moving down on Monday, Ship & Bunker price data showed.
Rotterdam IFO380 fell for a second consecutive market day moving down $4.50 to $612.50 per metric tonne (pmt), $6.50 higher than last Monday, and up $34.50 from December 14, 2012. Low sulfur 380 cSt product (LS380) fell $4.50 to $642.50 making the premium for the Emissions Control Area (ECA) compliant fuel $30.00 pmt. MGO moved down for the first time since January 7, 2013 falling $12.50 to $938.50 pmt, up $12.00 week-on-week.
Fujairah IFO380 dropped for the first time since December 31, 2012 down $4.50 to $620.50 pmt, up $2.00 from last Monday, and $20.00 higher month-on-month. MGO was up for a second consecutive market day rising $2.50 to $1003.00 pmt, $2.00 lower than last Monday.
Istanbul IFO380 fell for the first time since December 31, 2012 slipping $0.50 to $658.50 pmt, a change of $+15.50 week-on-week, and up $40.50 since December 14, 2012. MGO moved up for a fifth consecutive market day gaining $6.00 to $1014.50 pmt, climbing $23.00 since last Monday.
Piraeus IFO380 fell for the first time since January 2, 2013 dropping $15.50 to $637.00 pmt today, $11.00 higher week-on-week, and up $39.00 month-on-month. LS380 moved down $16.50 to $703.00 making the premium for the low sulfur grade $66.00 pmt. MGO dropped $14.50 to $976.00 pmt, up $15.00 from last Monday.
