Europe and the Middle East marine fuel prices were moving up in many ports, while African markets remained soft with Durban and Cape Town IFO180 falling $2.00 and $4.00 respectively, Ship & Bunker reports.
Rotterdam IFO380 gained for a second market day up $3.00 to $597.50 per metric tonne (pmt), a gain of $2.00 on last Monday's price and down $8.00 from October 26, 2012. Low sulfur 380 cSt product (LS380) moved up $2.00 to $629.00 pmt making the premium for the low sulfur fuel $32.00. MGO at the port rose $5.50 to $944.00 pmt climbing $19.00 in the last week and down $43.50 over the past three months.
Piraeus IFO380 moved up $2.50 to $609.50 for a week-on-week gain of $2.50 and down $19.00 since October 26, 2012. LS380 fell for a second consecutive day down $8.00 to $665.50 bringing the premium for the low sulfur product to $56.00 pmt. MGO gained $4.50 to $978.00 pmt rising $34.00 over the past week and falling $5.50 since last month.
Fujairah 380 cSt product was up $4.00 to $615.00 pmt $2.00 below last Monday's price and down $76.00 from August 27, 2012. MGO in Fujairah climbed $1.50 to $1023.00 pmt $1.00 below the November 19, 2012 and $2.50 lower than last month's price.
Istanbul IFO380 rose $2.00 to $623.00 pmt making a $0.50 week-on-week gain and falling $30.00 since October 26, 2012. MGO in the port was steady at $1002.50 pmt, $23.50 above last Monday's price and down $22.50 since August 27, 2012.
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