Fujairah steady as bunker prices in Northern Europe firm
North and Western Europe bunker markets were firm on Wednesday, while in the Mediterranean and Black Sea region bunker prices were down, with Piraeus IFO380 falling for the first time since last Thursday. The Middle East markets were quiet with IFO in Fujairah remaining steady.
Rotterdam IFO380 was up for a third consecutive day gaining $2.00 to $590.00 per metric tonne (pmt), rising $1.00 week-on-week, and adding $11.50 to last month's price. Low sulfur 380 cSt product (LS380) slipped $0.50 to $616.00 making the premium for the Emissions Control Area (ECA) compliant fuel $26.00 pmt. MGO was down $4.00 to $930.50 pmt, gaining $2.00 on last week's price, and up $17.00 compared to last month's price.
Fujairah IFO380 was steady at $607.00 pmt, making a week-on-week loss of $3.00, but rising $9.50 from November 5, 2012. MGO dropped $0.50 to $1020.50 pmt, up $1.50 from last week, and climbing $2.00 over the past month.
Istanbul IFO380 made gains for a second consecutive day rising $2.00 to $627.00 pmt up $6.00 week-on-week, and $2.00 above the price six months ago. MGO was down $7.50 to $994.50 pmt, making a loss of $3.50 since last week, and up $10.50 on last month's price.
Piraeus IFO380 moved down for the first time since November 29, 2012 falling $2.50 to $608.00 pmt, gaining $3.00 since last Wednesday, and $4.50 above the price six months ago. LS380 was down $3.50 to $664.50, making the premium for the low sulfur fuel $56.50 pmt. MGO slipped $14.50 to $959.00 pmt, dropping $9.50 from last Wednesday, and up $13.00 compared to the price a month ago.