Rotterdam IFO380 gains after falling for three days
The EMEA region generally saw markets firming on Monday, however week-on-week IFO bunker prices were still down in some ports after the flat-to-soft price movements of last week, Ship & Bunker reports.
Rotterdam IFO380 moved up for the first time since November 27, 2012 gaining $1.00 to $586.00 per metric tonne (pmt), making a week-on-week loss of $11.50, down $67.00 from September 3, 2012. Low sulfur 380 cSt product (LS380) rose $3.50 to $619.50 to make the premium for the low sulfur fuel $33.50 pmt. MGO rose $3.50 to $934.50 pmt, down $9.50 from last Monday, and up $21.00 from November 5, 2012.
Fujairah IFO380 was up $3.50 to $606.50 pmt, falling $8.50 week-on-week, and down $82.50 from September 3, 2012. MGO rose $3.00 to $1021.50 pmt, falling $1.50 from last week, and $3.00 up compared to November 5, 2012.
Istanbul IFO380 was steady at $619.50 pmt, down $3.50 from last Monday, and down $5.50 since last month. MGO was up $1.00 to $1001.50 pmt, $1.00 below the price last week, but $17.50 higher than the price on November 5, 2012.
Piraeus IFO380 moved up $3.50 to $604.00 pmt, dropping $4.50 week-on-week, and down $5.00 compared to last month. LS380 climbed $6.50 to $668.00 making the premium for the Emissions Control Area (ECA) compliant fuel $64.00 pmt. MGO rose $3.50 to $972.50 pmt, falling $5.50 week-on-week, but $26.50 higher compared to the price on November 5, 2012.