Uncertain bunker price movements in North and Western Europe
Markets in North and Western Europe were uncertain today, with bunker prices in Polish ports falling while elsewhere moderate gains were reported. Mediterranean and Black Sea and Middle East markets mostly saw small to moderate gains, Ship & Bunker price data showed, with Fujairah and Piraeus IFO380 moving up for a third consecutive market day.
Rotterdam IFO380 moved up $2.00 to $588.00 per metric tonne (pmt), falling $10.50 week-on-week, and up $9.50 since November 5, 2012. Low sulfur 380 cSt product (LS380) fell $3.00 to $616.50 making the premium for the low sulfur product $28.50 pmt. MGO was steady at $934.50 pmt, $3.50 below last Tuesday's price, and adding $21.00 to the price from a month ago.
Fujairah IFO380 moved up for a third consecutive market day climbing $0.50 to $607.00 pmt, dropping $9.50 from last Tuesday, and $93.50 down from September 4, 2012. MGO dropped $0.50 to $1021.00 pmt, falling $4.00 week-on-week, and $2.50 higher than last month.
Istanbul IFO380 climbed $5.50 to $625.00 pmt, $0.50 below last Friday's price, and the same price compared to last month. MGO climbed $0.50 to $1002.00 pmt, rising $2.00 from two weeks ago, and up $18.00 from last month's price.
Piraeus IFO380 rose for a third consecutive day up $7.50 to $611.00 pmt, making a $2.00 week-on-week gain, and $2.00 up from November 5, 2012. LS380 was steady at $668.00 making the premium for the low sulfur grade $77.00 pmt. MGO also moved up for a third consecutive day climbing $1.50 to $974.00 pmt, down $1.50 from last Tuesday, and up $28.00 on the previous month.