The price of B30-VLSFO (POMEME) in Rotterdam has risen by $2 per ton over the past week, reaching $191 per ton. In this context, the regular VLSFO price at this port has jumped by $66, reaching $382 per ton.
Impact of ZRE A Prices on the Biofuel Market
Dutch suppliers are able to produce ZRE A tickets for the sale of low-carbon fuels that can be traded with other suppliers. The price of these tickets has increased from €172.5 ($195) per ton CO2e last Friday to €240 ($268) per ton CO2e on Thursday this week. These tickets help reduce biofuel prices in Rotterdam compared to other ports, while Belgium has no similar mechanism.
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Decrease in Biofuel Raw Material Prices
The prices of UCOME and POMEME barges in Prima Markets have decreased to $1,710 and $1,780 per ton, respectively, indicating a drop of $146 per ton. This has made UCOME $70 per ton cheaper than POMEME. Higher prices for ZRE A tickets and reduced raw material costs may have contributed to mitigating the impact of the increase in regular VLSFO prices in Rotterdam.
Additionally, the price of B30-LSMGO (POMEME) in Rotterdam has reached $1,417 per ton, which is an increase of $19 per ton, while the price of regular LSMGO at this port has increased by $68 per ton. These factors have reduced the price difference of B30-LSMGO compared to regular LSMGO to $21 per ton.
Currently, the price of B100 in Rotterdam has reached $1,185 per ton, which is $88 per ton less than last week. In the neighboring Belgian port of Antwerp, the price of B100 has reached $1,932 per ton, which is $747 per ton more than in Rotterdam.
In Singapore, the price of B30-VLSFO (UCOME) has increased by $75 per ton over the past week, reaching $1,094 per ton. Meanwhile, the price of regular LSMGO at this port has increased by $51 per ton. With this increase, the price difference of B30-VLSFO compared to regular LSMGO in Singapore has reached $196 per ton.
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