Sharp fall in bio-bunker prices in Rotterdam. Chinese UCOME FOB price continues to rise, reports engine.online.
Singapore
Singapore’s B24-VLSFO UCOME price has increased by $3/mt in the past week, while its B24-LSMGO UCOME price has dropped by $9/mt, influenced by a $13/mt drop in the underlying ENGINE conventional LSMGO price.
The diverging price moves have reduced the B24-LSMGO UCOME premium over B24-VLSFO UCOME, narrowing it from $75/mt to $63/mt.
Biofuel premiums in Singapore have remained roughly steady, with B24-VLSFO UCOME blends priced $120/mt above pure VLSFO and B24-LSMGO UCOME priced at a $100/mt premium over pure LSMGO.
Rotterdam
Rotterdam’s B30-VLSFO HBE price has dropped by $32/mt, while its B30-LSMGO HBE price has declined by $26/mt.
PRIMA Market’s palm oil mill effluent methyl ester (POMEME) CIF ARA price has dropped by $10/mt to $1,449/mt. The decline in POMEME price has partly contributed to pull both biofuel benchmarks down.
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Source: Engine.online
