B100 price surges in Rotterdam this week

Gibraltar’s B30-VLSFO price drops sharply

Singapore’s bio-blended bunker volumes rose sharply

Europe

Rotterdam’s B30-VLSFO (POMEME) price has dropped $17/mt in the past week, most probably pressured by a $24/mt drop in the Dutch port’s conventional VLSFO price during the same period.

Rotterdam's B30-LSMGO (POMEME) price has gained by $17/mt to $1,476/mt, which has been similar to a $19/mt gain in the port’s conventional LSMGO price.

B100 has been priced at $1,418/mt in Rotterdam today, a sharp $209/mt increase compared to last week.

Prima Markets' POMEME barge price, which is an indicator of feedstock sourcing costs, has gone up by $35/mt to $2,059/mt.

Dutch suppliers can generate ZRE A tickets for selling low carbon fuels, which can be traded with other suppliers. The price of these tickets has dropped from €200/mtCO2e ($230/mtCO2e) last Friday to €190/mtCO2e ($218/mtCO2e) on Thursday this week.

Gibraltar’s B30-VLSFO (UCOME) price has slumped $166/mt lower in the past week. The port’s conventional VLSFO price has remained largely unchanged during this period.

This has cut the port’s B30-VLSFO price premium over conventional VLSFO by $172/mt in a single week to $250/mt.

Lisbon’s B30-VLSFO price has dropped $107/mt during the week. It has flipped to a modest $9/mt premium over Gibraltar’s B30-VLSFO price, coming from a $50/mt discount last Friday.

Lisbon’s B30-LSMGO price has slumped $115/mt to $1,600/mt, while the B100 price in the Portuguese port has plunged $215/mt lower to $1,665/mt.

Asia

Singapore’s B30-VLSFO (UCOME) price has dropped $56/mt since last Friday, while the port's conventional VLSFO price has gained only $5/mt over the same period.

This has narrowed the port’s B30-VLSFO price premium by $61/mt in a single week.

Data this week showed Singapore’s bio-blended bunker sales rose by 48% in August to 57,000 mt, which was the highest monthly volume since April.

B30-VLSFO is priced at $1,015/mt in Hong Kong, which is a $35/mt price discount to Singapore.

Hong Kong’s B30-VLSFO price is at a $109/mt premium over its conventional VLSFO price.

By Nachiket Tekawade

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