The price of B30-VLSFO (POMEME) in Rotterdam increased by $12 per ton last week, reaching $255 per ton. This price increase occurred while the regular VLSFO price at the same port decreased by $73 per ton.
Impact of Trading Mechanisms on Biodiesel Prices
Dutch suppliers can produce ZRE A tickets for selling low-carbon fuels, which can be exchanged with other suppliers. The price of these tickets decreased from €175 per ton CO2e ($199 per ton CO2e) last Thursday to €172.5 per ton CO2e ($195 per ton CO2e) today. These tickets help reduce the price of biodiesel in Rotterdam compared to other ports, while Belgium does not have such a mechanism.
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Price Fluctuations in the Biodiesel Market
Meanwhile, the price of B30-LSMGO (POMEME) in Rotterdam decreased by $94 per ton, reaching $1,398 per ton, likely under pressure from a $143 drop in the regular LSMGO price at this port. This has caused the premium price of B30-LSMGO over regular LSMGO to increase to $70 per ton.
The price of B100 in Rotterdam today reached $1,273 per ton, which is a decrease of $89 per ton compared to last week. The prices of UCOME and POMEME barges in the Prima Markets have also decreased to $1,856 and $1,926 per ton, respectively, indicating a $139 drop per ton in the past week. This represents a $70 discount for UCOME compared to POMEME at the barge level.
In Singapore, the price of B30-VLSFO (UCOME) decreased by $86 per ton last week, reaching $1,019 per ton, while the regular VLSFO price during the same period decreased by $34 per ton. This has reduced the premium price of B30-VLSFO in Singapore over regular VLSFO to $172 per ton.
The Prima Markets price assessment for UCOME shipments from China, a key source for the B30-VLSFO blend in Singapore, has reached $1,215 per ton, which is a decrease of $15 per ton. This price drop may have impacted the biodiesel blend prices.
In other biodiesel news, ENGINE in Rotterdam recorded 77 B100 samples between January and August, representing a 126% increase compared to last year, and increasing the share of B100 in the biodiesel samples at this port from 12% to 23%.
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