B100 comes within $10/tonne of VLSFO in Rotterdam

Conventional fuel prices have risen at both Rotterdam and Singapore over the past week, while B100 and Rotterdam’s B30 blends have fallen, handing the fuels favoured by EU regulations back much of the ground they lost the week before, according to bunker intelligence platform ENGINE.

Four spreads have flipped outright, two at each port. B100’s premium over VLSFO in Rotterdam has narrowed by $42/mt to $10/mt, leaving the two fuels within touching distance. Its premium over HSFO has narrowed by $71/mt to $107/mt. The OceanScore FuelEU pooling index held flat this week, after last week’s €12.85/mtCO2e drop, meaning the compliance side of the move came from a rise in Dec26 EUA prices.

Rotterdam’s conventional fuel prices have gained $24-53/mt over the past week, with HSFO up the most. The port’s B100 price has fallen by $18/mt and its B30 grades by $1-14/mt. The Dutch ZRE A price has remained unchanged at €130/mtCO2e over the past week. Fuel availability has been tight for prompt supplies in the ARA, with buyers advised lead times of 5-7 days to secure good coverage from suppliers, a trader said.

Singapore’s HSFO and VLSFO prices have gained $38/mt and $16/mt respectively, while LSMGO has edged up $3/mt. B100 has fallen by $8/mt. Prompt bunker availability is tight in Singapore across all three main conventional grades, with suppliers quoting lead times of about 4-9 days for LSMGO, 7-19 days for good VLSFO cover and 6-12 days indicatively for HSFO.

The gains came as front-month ICE Brent futures rose by $3.73/bbl to $92.78/bbl, while Dec26 EUA prices rose by $3.41/mtCO2e to $98.28/mtCO2e, adding to the compliance cost of every fossil grade.