Markets in the EMEA region were mostly falling on Wednesday, with the exception of South African ports Cape Town, Durban, and Richards Bay where IFO180 gained between $1.50 and $5.00 pmt, Ship & Bunker reports.
Rotterdam IFO380 was down for the first time since last Friday falling $9.50 to $589.00 per metric tonne (pmt), to negate the steady gains over the last two weeks, now down $1.00 in that time, and down $63.50 compared to August 28, 2012 three months ago. Low sulfur 380 cSt product (LS380) dropped $12.50 to $615.00, making the premium for the Emissions Control Area (ECA) compliant fuel $26.00 pmt. MGO in the port was down for a second consecutive day dropping $9.50 to $928.50 pmt, down $8.50 week-on-week, and $25.50 lower than the price on October 29, 2012.
Piraeus IFO380 dropped $4.50 to $604.50 pmt, $1.50 lower than last Wednesday, and down $73.50 from the price three months ago. LS380 fell $2.00 to $663.50 to make the premium for the low sulfur fuel $59.00 pmt. MGO slipped $6.50 to $969.00 pmt, down $1.50 week-on-week, and losing $15.50 from October 29, 2012.
Fujairah 380 cSt product fell for the first time this week dropping $6.50 to $610.00 pmt, the same price as a week ago, and $18.00 lower than this time last month. MGO in Fujairah was also down for the first time this week, dropping $6.00 to $1019.00 for a week-on-week loss of $1.50 pmt.
Istanbul IFO380 fell $4.50 to $621.00 pmt, down $0.50 from last Wednesday, and slipping $26.00 compared to last month. MGO in Istanbul moved down $5.50 to $998.00 pmt, making a week-on-week loss of $1.00, and down $31.00 over the past three months.
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