Rotterdam and Europe
Rotterdam’s B30-VLSFO (POMEME) price has increased by $35/mt in the last week. The port’s conventional VLSFO price rise has been over twice as steep, at $74/mt.
Prima Markets has assessed a $13/mt drop in its ARA POMEME barge price over the last week, a sign that biofuel feedstock prices have come down.
Rotterdam’s conventional LSMGO price has dipped $69/mt lower, outpacing a $15/mt drop for B30-LSMGO.
Consequently, the B30-LSMGO blend’s price premium over conventional LSMGO has increased from $68/mt to $122/mt during the last week.
Meanwhile, Gibraltar’s B30-VLSFO (UCOME) price has increased by $57/mt, slightly greater than the $42/mt increase in the port’s conventional VLSFO grade.
Biofuel bunker delivieres in both the ARA hub and the Gibraltar Strait require around 7-10 days of lead time, a trader said.
Singapore
Singapore’s B30-VLSFO (UCOME) price has eked out a small gain during the last week, while its conventional VLSFO price has increased by $49/mt.
Prima Markets’ China UCOME cargo price has been unchanged over this period. Chinese UCOME is a key blendstock for Singapore’s B30-VLSFO and a flat price could have contributed to keep a lid on B30-VLSFO bunker price increases.
In other news from this week, Chinese bunker supplier Chimbusco Pan Nation (CPN)supplied around 2,500 mt of B100 in the Port of Hong Kong on 2 May, which was the largest B100 stem bunkered in the country.
French food products company Bel will buy carbon credits from CMA CGM to claim reductions in the Scope 3 emissions generated across its supply chain. The emission reductions will come from CMA CGM’s use of UCOME-based biofuel blends on its fleet.
Nippon Biofuel’s Makoto Goda spoke to ENGINE about the company’s plans to produce marine biofuel from jatropha grown in African farms.
Source: By Nachiket Tekawade, ENGINE,
