11-04-2017

Rough weather, high demand buffer Gothenburg bunkers

Bunker

The bunker market at Gothenburg, Sweden, was experiencing rough weather and high levels of buying appetite, sources said Monday.

“There is very strong demand,” a trader said.

This was reiterated by a supplier.

High demand has not yet been dented by bad weather.

“Weather conditions will be rough for the next 24 hours,” a supplier said.

The average wind speed at the port Monday afternoon was 28 knots/hour (53km/h) and waves measured around 3 meters, according to weather reports.

On the bearish side, suppliers and traders said availability was good.

Indications for 380 CST fuel oil at the port were heard pegged at $305-$320/mt delivered Monday. Prices were assessed at the port Friday at $309/mt delivered.

Source: Platts 

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