In Singapore, biofuel prices have dropped due to declines in conventional fuel and China UCOME prices. Rotterdam saw sharper biofuel price drops, particularly in B30-LSMGO HBE, while the Dutch HBE A ticket price rose for the third week, reports engine.online.
Singapore
Singapore’s B24-VLSFO UCOME has come down by $24/mt in the past week, while its B24-LSMGO UCOME price has declined by $32/mt.
These declines have been driven by a $24/mt fall in the underlying ENGINE conventional VLSFO price and a $35/mt drop in LSMGO price. Besides, the China UCOME FOB benchmark has dropped by $20/mt on the week, exerting additional downward pressure on both biofuel benchmarks.
The port’s B24-VLSFO UCOME premium over pure VLSFO has remained steady at $114/mt, while its B24-LSMGO UCOME premium over pure LSMGO has widened by $3/mt to $98/mt. These premiums are much narrower compared to Rotterdam’s.
Rotterdam
Rotterdam’s B30-LSMGO HBE price has dropped by $32/mt in the past week, more than double the $15/mt decline in the B30-VLSFO HBE price. The more pronounced drop in the B30-LSMGO HBE price has been driven by a sharper $38/mt decline in the underlying ENGINE conventional LSMGO price.
The Dutch HBE A ticket price has risen for the third consecutive week. PRIMA assessed Dutch HBE A ticket price at €9.85/GJ ($10.69/GJ) on Friday, up from €9.60/GJ ($10.42/GJ) the previous week.
Biofuel price premiums over pure conventional fuels are $194/mt for B30-VLSFO HBE blends and $163/mt for B30-LSMGO HBE blends.
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Source: Engine.online
