Bunker prices drop in Europe, Middle East
With the exception of a few small gains for distillate fuels, mid week bunker prices dropped in both Europe and the Middle East, Ship & Bunker reports.
Rotterdam IFO380 was down $1.00 to $594.00 pmt rising $4.00 week-on-week to the same price as it was two weeks ago. Low sulfur 380 cSt product (LS380) moved up for a third consecutive day gaining $1.50 to $628.00 pmt for a week-on-week gain of $12.00 and down $0.50 since November 7, 2012. MGO at the port also moved up for a third consecutive day climbing $2.50 to $937.00 pmt adding $19.00 to last Wednesday's price.
Piraeus IFO380 lost yesterday's gains and moved down $11.00 to $606.00 pmt falling $4.00 week-on-week and down $39.00 since October 22, 2012. LS380 slipped $3.00 to $675.00 pmt, down $71.00 over the past three months, and MGO fell $4.50 to $970.50, up $22.50 on last Wednesday's price.
Fujairah 380 cSt product dropped $7.50 to $610.00 pmt gaining $3.50 week-on-week and down $70.00 since August 21, 2012. MGO in Fujairah moved down $4.00 to $1020.50 pmt, down $0.50 on last week's price and falling $1.50 over two weeks.
Istanbul IFO380 slipped $9.50 to $620.50 pmt making a gain of $3.00 on last Wednesday's price and down $38.50 in the last month. MGO dropped $1.00 to $999.00 rising $21.00 week-on-week and making a monthly change of $-43.00 pmt.