As per the news from the Market sources, Suez is now out of HFO and has tight avails of low sulfur MGO, with no restocking date confirmed.
However, Misr Petroleum Company (Misr Petroleum), the main bunker supplier at Egypt’s ports, has not yet commented on the situation.
As per the data from Ship & Bunker, indicative prices at the Middle Eastern port for IFO 380 Thursday rose to $303.50 per metric tonne (pmt) from $301 pmt the previous day, while MGO also increased Thursday to $669 pmt from $652.50 pmt on Wednesday.
This compares with an average indication of $226.50 pmt and $448.00 pmt for IFO380 and MGO respectively in the primary ports.
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Source: Ship & Bunker
