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2012 November 29   09:41

EMEA bunker prices down on Wednesday

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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