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2012 November 20   09:16

Mixed start to the week for European bunker pPrices

Bunker prices in Europe were split with rising prices in North and Western European ports and falling prices in the Mediterranean and Black Sea. Fujairah saw small-to-moderate gains, and most ports in the region were up on the previous Monday's price, Ship & Bunker reports.

Rotterdam IFO380 moved up $2.50 to $595.50 per metric tonne (pmt) for a week-on-week gain of $8.00 and up $17.00 in two weeks, and low sulfur 380 cSt product (LS380) rose $4.50 to $625.00 pmt adding $11.00 to last Monday's price and making the premium for the low sulfur product $29.00. MGO at the port climbed $6.50 to $925.00 an increase of $6.50 week-on-week.

Piraeus IFO380 dropped $6.00 to $607.00 pmt up $4.50 on last Monday's price and down $38.00 over the past month, while LS380 saw a double digit loss of $20.50 to $661.00 falling $7.00 week-on-week. Piraeus MGO fell $4.50 to $944.00 pmt losing $10.00 week-on-week and $75.50 over the past month.

Fujairah IFO380 rose $7.00 to $617.00 pmt up $11.00 on the previous Monday and $19.50 over two weeks, while MGO gained $2.50 to $1024.00 pmt moving up $2.00 week-on-week and falling $7.50 in the last month.

Istanbul IFO380 slipped $1.50 to $622.50 pmt making a week-on-week gain of $3.50 and a loss of $36.00 since last month. MGO was down $7.50 to $979.00 pmt losing $16.00 since last Monday and dropping $69.00 since October 19, 2012.

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