Marine fuel prices in North and Western Europe were moving up on Wednesday, while Mediterranean and Black Sea markets were soft. In the Middle East, Fujairah a saw small losses for all grades, and Oceananic Africa markets were somewhat mixed, Ship & Bunker reports.
Rotterdam IFO380 moved up for the first time since December 5, 2012 rising $0.50 to $579.00 per metric tonne (pmt), making a week-on-week change of $-11.00, and a monthly change of $-8.50. Low sulfur 380 cSt product (LS380) gained $1.50 to $614.50 making the premium for the Emissions Control Area (ECA) compliant fuel $35.50 pmt. MGO rose for the first time since December 3, 2012 climbing $11.50 to $906.50 pmt, down $24.00 from last Wednesday.
Fujairah IFO380 fell $1.50 to $601.00 pmt, falling $6.00 from last week, and losing $5.00 from the price a month ago. MGO in Fujairah dropped $2.00 to $1011.50 pmt, down $9.00 week-on-week, and falling $36.50 over the past three months.
Istanbul IFO380 moved down $1.00 to $618.00 pmt, losing $9.00 since last Wednesday, and slipping $1.00 from the price last month. MGO dropped for a sixth consecutive market day falling $2.00 to $968.50 pmt, down $26.00 in a week, and losing $72.50 over the past three months.
Piraeus IFO380 slipped $2.00 to $600.00 pmt, $7.00 lower than last week, and down $2.50 on last month's price. LS380 climbed $4.00 to $665.50 making the premium for the low sulfur grade $65.50 pmt. MGO in the port slipped $0.50 to $930.00 pmt, making a week-on-week loss of $29.00.
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