The price of B30-VLSFO (a blend of biodiesel and diesel fuel) at the port of Rotterdam has decreased by $36 per ton over the past week, reaching $1,360 per ton. Meanwhile, the price of regular VLSFO at the same port has increased by $23, reaching $1,456 per ton. These changes have led to a reduction in the premium of B30-VLSFO compared to regular VLSFO to $96 per ton.
Decrease in Feedstock Costs and Its Impact on Prices
Feedstock costs, which include the prices of UCOME and POMEME, have also decreased over the past week. The prices of UCOME and POMEME barges have reached $1,625 and $1,695 per ton, respectively. This decrease in costs has likely put pressure on the price of B30-VLSFO in Rotterdam.
Read more: OPEC+ Oil Alliance Policies Remain Unchanged
Meanwhile, the price of B100 in Rotterdam today has reached $1,162 per ton, indicating a decrease of $188 over the past month. While the price of LSMGO at the same port has increased by $77 to $1,635. This situation has caused the discount of B100 compared to LSMGO to increase from $10 to $275 per ton.
Price Comparison with Other Ports
At the port of Antwerp in Belgium, the price of B100 (UCOME) today has reached $1,973 per ton, which means a premium of $811 compared to the price of B100 in Rotterdam. Also, at the port of Aveiro in Portugal, the price of B30-LSMGO has decreased by $33 to $1,527 per ton.
In Singapore, the price of B30-VLSFO has also increased by $63 to $1,191 per ton. Meanwhile, the price of B100 in Singapore has risen to $1,534 per ton, indicating a $41 increase this week.
The decrease in prices in Rotterdam and the increase in demand for B100 due to lower feedstock prices allow suppliers to generate ZRE A tickets for selling low-carbon fuels and exchange these tickets with other suppliers. These tickets help reduce biodiesel prices in Rotterdam compared to other ports.
Read more: OPEC Maintained Oil Production Levels for December · Persian Gulf Petrochemicals Redefined Exit Strategy
