The price of B30-VLSFO (POMEME) at the port of Rotterdam has increased by $36 per ton over the past week, reaching $1,430 per ton. During the same period, the price of traditional VLSFO at this port has also increased by $54 per ton, reaching $1,254 per ton. These changes have led to a reduction in the B30-VLSFO premium compared to traditional VLSFO by $17 per ton, now at $174 per ton.
Impact of Carbon Mechanisms on Prices
Dutch suppliers can generate ZRE A tickets for the sale of low-carbon fuels, which can be traded with other suppliers. The price of these tickets has remained stable this Thursday, reaching €240 per ton CO2e (equivalent to $269 per ton CO2e). The existence of these mechanisms has helped reduce biofuel prices in Rotterdam compared to other ports, while Belgium does not have such a mechanism.
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Trends in Other Fuel Prices
The prices of UCOME and POMEME barges in Prima Markets, which both reflect feedstock supply costs, have each increased by $45 per ton over the past week, reaching $1,755 per ton and $1,825 per ton, respectively. This indicates a $70 discount for UCOME compared to POMEME. Additionally, the price of B30-LSMGO (POMEME) in Rotterdam has increased by $13 per ton, reaching $1,430 per ton, while the price of traditional LSMGO at this port has also risen by $12 per ton.
Meanwhile, the price of B100 today in Rotterdam has been set at $1,261 per ton, which is $76 per ton higher than last week. In the neighboring Belgian port of Antwerp, the price of B100 has reached $1,984 per ton, indicating an increase of $52 per ton and $723 per ton more than the price in Rotterdam.
In Portugal, the price of B30-LSMGO at the port of Aveiro has reached $1,570 per ton, which has a premium of $64 per ton compared to the price of traditional LSMGO at this port. Additionally, the price of B100 in Aveiro has reached $1,712 per ton.
In Singapore, the price of B30-VLSFO (UCOME) has increased by $56 per ton over the past week, reaching $1,150 per ton, while the price of traditional VLSFO at this port has only increased by $12 per ton. These changes have resulted in an increase in the B30-VLSFO premium in Singapore compared to traditional VLSFO by $45 per ton, now at $241 per ton.
In other news related to biofuels, logistics company DSV will utilize CMA CGM's biofuel refueling services to register a reduction of about 12,000 tons of CO2e emissions for its ocean transport operations.
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