Fuel Switch Snapshot: B100 discounts to conventionals narrow in Rotterdam

Rott B100’s discount to LSMGO drops by nearly $200/mt

LNG premiums over LBM narrow in Rotterdam

Singapore B100’s discount to LSMGO below $250/mt

Rotterdam’s B100 discount to VLSFO has narrowed by $87/mt, while its discount to LSMGO has dropped by a sharper $197/mt over the past week.

LNG discounts to LSMGO in Rotterdam have also narrowed by $68-72/mt to $399-595/mt.

At the same time, LNG premiums over liquefied biomethane (LBM) sold at 0 gCO2e in Rotterdam have eased by $30/mt to $364-370/mt, depending on engine type and methane slip.

Singapore B100’s discount to LSMGO has narrowed for another week, falling by $302/mt to $241/mt for EU-bound voyages.

For dual-fuel vessels bunkering in Singapore and sailing to the EU, B100 premiums over LNG have widened by $132-134/mt, depending on engine type.

Liquid fuels

Rotterdam’s conventional fuel prices have declined for a fourth consecutive week. VLSFO and HSFO prices have dropped by $20–76/mt, tracking a $113.40/mt ($6.92/bbl) fall in front-month ICE Brent futures, while LSMGO has fallen more sharply by $131/mt.

In contrast, Rotterdam’s B100 price has risen by $66/mt over the past week.

Singapore’s HSFO and VLSFO benchmarks have declined by $27–92/mt, while LSMGO has dropped by a steeper $346/mt. B100 price in Singapore has followed the downward trend, falling by $44/mt.

Liquid gases

Rotterdam’s LNG and LBM bunker prices have declined for a fourth straight week. LNG has fallen by $58-63/mt, while LBM has dropped by a smaller $28-32/mt.

Singapore’s LNG prices have seen even sharper cuts, declining by $176-178/mt over the past week.

By Konica Bhatt

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