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2012 November 16   09:47

Bunker prices climb in Europe, Middle East

RIchards Bay coal terminal, where MGO bucked the regional trend and fell $17.00 today, Ship & Bunker reports. Bunker prices in the EMEA region were climbing on Thursday. Most movements were single-digit changes with a few exceptions including MGO in RIchards Bay, St Petersburg, and Rotterdam.

Rotterdam IFO380 was up a fourth consecutive market day climbing $5.00 to $595.00 per metric tonne (pmt) gaining $8.00 week-on-week, and low sulfur 380 cSt product (LS380) climbed $5.50 to $621.50 pmt adding $4.50 to last week's price. MGO at the port rose $10.00 to $928.00 pmt adding $3.50 to last Thursday's price.

Piraeus IFO380 moved up $1.00 to $611.00 pmt, the same price as last Thursday and down $42.50 over the last month, while LS380 gained $5.50 to $672.50 pmt making the premium for the low sulfur fuel $61.50. Piraeus MGO moved down for a third consecutive day losing $1.00 to bring the price to $947.00 pmt.

Fujairah IFO380 climbed $4.50 to $611.00 pmt adding $7.00 to last Thursday's price but down $6.00 over the past two weeks, and MGO rose $3.50 to $1024.50 pmt down $8.00 over the past month.

Istanbul 380 cSt product gained $6.50 to $624.00 pmt, up $2.50 on last Thursday and down $44.50 on last month's price, while MGO moved up $9.50 to $987.50 for a week-on-week loss of $10.50 pmt.

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