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2012 November 13   09:01

EMEA bunker prices see small gains on Monday

Monday bunker prices made small gains in most ports within the EMEA region as many of those markets continue experience prices around their lowest levels in over 3 months, Ship & Bunker reports.

Rotterdam IFO380 gained $4.00 to $587.50 per metric tonne (pmt), continuing the uncertain movements of last week. Low sulfur 380 cSt product (LS380) moved up $5.50 to $614.00 pmt putting the premium for the Emissions Control Area (ECA) compliant fuel at $26.50.

Piraeus IFO380 slipped $0.50 down to $602.50 pmt for a week-on-week loss of $6.50, while LS380 was down $2.00 to $668.00 pmt putting the premium for low sulfur fuel at $65.60. MGO in the port gained $7.50 to $954.00 pmt.

Fujairah rose $5.50 to $606.00 pmt after two previous market days of falling prices. MGO in the port gained $1.50 to $1022.00 pmt, correcting Friday's gain of the same magnitude and putting the week-on-week change at a gain of 3.50.

Istanbul bunker prices all made small gains, with IFO380 gaining $2.50 to $619.00 pmt, IFO180 gaining $4.00 to $645.50, and MGO up $1.00 to $995.00 pmt.

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