Bio-bunker prices in Singapore remain stable, with premiums slightly rising. Rotterdam’s biofuel prices are down due to lower benchmark values, and Gibraltar sees B24-VLSFO UCOME at $775/mt, reports engine online.
Singapore
Singapore’s bio-bunker prices have remained largely steady over the past week. The UCOME FOB China benchmark has held steady at $980/mt on the week, which has kept the prices stable.
PRIMA Markets says that “the Chinese market is waiting for the provisional anti-dumping duties by the European Commission to be set in stone, with trading restrictions on the likes of UCOME, FAME and HVO expected by mid-August [16 August]”.
Only a few suppliers in Singapore can offer B24-HSFO UCOME, while those offering it require longer lead times for delivery, a trader said. Lead times of about four weeks are recommended for B24-HSFO delivery in the port.
The premium of Singapore’s B24-VLSFO UCOME over pure VLSFO has widened by $5/mt to $118/mt in the past week, while the premium of B24-LSMGO UCOME over pure LSMGO has widened by $4/mt to $94/mt.
Rotterdam
Rotterdam’s B30 VLSFO HBE price has shed $7/mt in the past week, while its B30 LSMGO HBE price has come down by a steeper $15/mt. A $32/mt drop in the Palm Oil Mill Effluent Methyl Ester (POMEME) benchmark has contributed to put downward pressure on the two benchmarks.
Declining values of pure VLSFO ($2/mt) and pure LSMGO ($13/mt) have also added to the downward pressure.
PRIMA has assessed HBE A tickets at €8.30/GJ ($9.07/GJ), marking a weekly drop of €0.18/GJ ($0.20/GJ). The ticket price is crucial as it determines how much Dutch bunker suppliers can reclaim from their authorities when selling advanced biofuels to ships. For B30-VLSFO HBE sold in the Dutch ports, this translates to about $80/mt that suppliers can reclaim.
B24-VLSFO UCOME was indicated at $775/mt in Gibraltar on Friday. Bunker supplier Peninsula recently delivered a total of 2,200 mt of B30-VLSFO to a container ship in the Spanish port of Barcelona. The company operates a type 2 IMO chemical tanker in the region, allowing it to supply bio-blends of up to B100 (100% biofuel), while other bunker tankers (oil tankers) can carry biofuel blends with a maximum concentration of 25% bio-component.
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Source: Engine.online
