Bunker prices in the EMEA region continued on a downward trend on Monday according to Ship & Bunker data, and MGO saw double-digit losses in Rotterdam and Piraeus.
Rotterdam IFO380 slipped for a third consecutive market day down $1.50 to $580.00 per metric tonne (pmt), a week-on-week change of $-6.00, and down $7.50 compared to last month. Low sulfur 380 cSt product (LS380) was up $6.50 to $608.50 making the premium for the Emissions Control Area (ECA) compliant fuel $28.50 pmt. MGO fell for a fourth consecutive market day moving down $11.00 to $903.50 pmt, slipping $31.00 from last Monday, and down $18.00 from November 12, 2012.
Fujairah IFO380 climbed $1.50 to $601.50 pmt, down $5.00 week-on-week, and losing $4.50 from last month. MGO in Fujairah moved down $3.50 to $1016.00 pmt, slipping $5.50 from last Monday, and falling $23.50 from last month's price.
Istanbul IFO380 was steady at $619.00 pmt, $0.50 lower than last Monday, and the same price as last month. MGO fell for a fourth consecutive market day dropping $8.00 to $976.50 pmt, a week-on-week change of $-25.00, and a monthly change of $-18.50.
Piraeus IFO380 was down $2.00 to $598.00 pmt, falling $5.50 from last week, and down $4.50 from the previous month. LS380 dropped $3.50 to $650.00 making the premium for the low sulfur fuel $52.00 pmt. MGO at the port fell for a fourth consecutive market day down $10.00 to $935.00 pmt, a week-on-week loss of $37.50 pmt.
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