Suez Bunker Price Hit with New Fuel Deliveries

Suez Bunker Price Hit with New Fuel Deliveries

Bunker fuel oil prices at the Egyptian port of Suez collapsed Thursday, following the delivery of a fresh cargo of 380 CST fuel, sources said.

Delivered 380 CST fuel in Suez dropped by $290/mt to $350.50/mt Thursday, after having risen $250/mt a week earlier when the previous EGPC fuel cargo was depleted, leaving only material from a cargo delivered in August 2014, which was still priced off that period, sources said.

“They have 380 CST at Suez, Misr is with product subject to barge [availability], Copetrole is offering at $350/mt…they offered to supply me from tomorrow,” one trader said.

Neither company was immediately available to comment on the matter.

Source: Platts

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