The price of B100 in Rotterdam has dropped from a $40 premium per ton compared to VLSFO to a $1 discount. Meanwhile, the price of B100 has decreased by $48, reaching $682 per ton, while VLSFO has also decreased by $7.
Price Changes in Rotterdam
The premium of B100 compared to HSFO in Rotterdam has decreased by $20 to $90 per ton, while B100 has decreased more than HSFO. The discount of B100 compared to LSMGO has also decreased by $1 to $573 per ton, as both fuels have decreased similarly.
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In Singapore, the premium of B100 compared to VLSFO has decreased by $15 to $326 per ton. Meanwhile, VLSFO has increased by $30 and B100 has faced a $16 increase. Additionally, B100 in Singapore has reached the level of LSMGO.
Changes in LNG and LBM Prices
The premium of LNG compared to VLSFO in Rotterdam has increased by $33 to $35, reaching $275 to $396 per ton. This increase is due to a rise of $25 to $28 in LNG and a decrease of $7 in VLSFO. The discount of LNG compared to LSMGO has also decreased by $74 to $77, reaching $176 to $297 per ton.
In Singapore, the premium of LNG compared to VLSFO has decreased by $46 to $47, reaching $296 to $357 per ton. This decrease is due to a $30 increase in VLSFO and a decrease of $15 to $17 in LNG.
Furthermore, LBM prices in Rotterdam compared to HSFO have increased by $79 to $82, reaching $315 to $440 per ton. LBM compared to VLSFO has also increased by $59 to $62, reaching $224 to $349 per ton.
Considering recent trends, it is expected that fuel markets in Rotterdam and Singapore will be affected by price changes and the increasing demand for B100. The fuel market in Singapore is also facing supply constraints and a delivery time of 10 to 15 days for VLSFO and HSFO.
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