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Most significant Rotterdam 380 cSt rise since all-time crude peak in July 2008

02 Mar 2015 11:48 GMT

Rotterdam 380 cSt average rose from its lowest level since March 2009 to record its first increase in eight months.



The 380 centistoke (cSt) average at Europe's leading bunker port rose from its lowest level since March 2009 to record its first increase in eight months in February, according to Bunker Index price data.

The Rotterdam 380 cSt average jumped $62, or 25.4 percent, to $306 per tonne last month, up from $244 per tonne in January.

The $62 price increase is the most significant in over six and a half years - since July 2008, when the monthly average skyrocketed $83 to $679 per tonne. This was also the month when Brent crude reached an all-time peak of $147.50 on July 11 and WTI crude hit an all-time record of $147.27 on the same day.

The $77 daily low-to-high price range of $258 to $335 per tonne recorded in February means that the intra-month volatility indicator has remained above $75 in four out of the last five months, with only January falling below this level since September.

In comparison with the corresponding month in 2014, the February 2015 average is $273 lower. It is $325 below the $631 per tonne price recorded in February 2013.

Please find a table below outlining average monthly Rotterdam 380 cSt prices between April 2008 and February 2015.

Month Average ($/mt) Low High
Feb 15 306 258.00 335.00
Jan 15 244 231.00 277.00
Dec 14 326 275.00 381.00
Nov 14 425 380.00 460.00
Oct 14 481 445.00 586.00
Sep 14 546 535.00 574.00
Aug 14 564 557.00 576.00
Jul 14 575 569.00 592.00
Jun 14 588 574.00 606.00
May 14 577 568.00 585.00
Apr 14 579 573.00 585.00
Mar 14 577 572.00 594.00
Feb 14 579 566.00 592.00
Jan 14 567 558.00 587.00
Dec 13 583 574.00 591.00
Nov 13 575 565.00 586.00
Oct 13 586 580.00 599.00
Sep 13 593 585.50 603.00
Aug 13 600 587.00 621.00
Jul 13 595 577.00 608.00
Jun 13 580 565.00 597.00
May 13 583 572.00 597.00
Apr 13 584 565.00 620.00
Mar 13 603 595.00 610.00
Feb 13 631 609.00 646.00
Jan 13 610 589.00 626.00
Dec 12 579 572.00 590.00
Nov 12 586 570.00 597.00
Oct 12 615 592.00 634.00
Sep 12 647 612.00 671.00
Aug 12 639 603.00 665.00
Jul 12 590 558.00 621.00
Jun 12 562 537.00 587.00
May 12 636 603.00 699.00
Apr 12 690 677.00 709.00
Mar 12 706 696.00 718.00
Feb 12 689 665.00 710.00
Jan 12 669 634.00 692.00
Dec 11 617 594.00 638.00
Nov 11 639 609.00 670.00
Oct 11 627 589.00 653.00
Sep 11 629 600.00 654.00
Aug 11 627 595.00 673.00
Jul 11 645 618.00 668.00
Jun 11 626 598.00 651.00
May 11 615 586.50 651.00
Apr 11 645 624.00 658.00
Mar 11 602 590.00 620.00
Feb 11 561 530.00 624.00
Jan 11 509 493.00 518.00
Dec 10 483 470.00 495.00
Nov 10 469 453.00 491.00
Oct 10 455 446.00 470.00
Sep 10 430 420.50 441.00
Aug 10 435 415.00 459.00
Jul 10 422 397.00 438.00
Jun 10 421 406.00 435.00
May 10 435 389.00 487.00
Apr 10 466 452.00 483.00
Mar 10 449 435.00 468.00
Feb 10 439 418.00 459.00
Jan 10 455 429.00 486.00
Dec 09 440 417.00 464.00
Nov 09 455 441.00 467.00
Oct 09 426 387.00 458.00
Sep 09 405 386.00 422.00
Aug 09 423 405.00 436.00
Jul 09 382 356.00 412.00
Jun 09 380 364.00 399.00
May 09 325 277.00 364.00
Apr 09 275 250.00 289.00
Mar 09 241 220.00 270.00
Feb 09 239 220.00 258.00
Jan 09 228 176.00 258.00
Dec 08 194 158.00 225.00
Nov 08 221 193.00 262.00
Oct 08 384 245.00 562.00
Sep 08 549 474.00 645.00
Aug 08 622 570.00 672.00
Jul 08 679 626.00 733.00
Jun 08 596 532.00 658.00
May 08 539 493.00 589.00
Apr 08 498 465.00 511.00






Related Links:

Rotterdam bunker sales up 1.8% in 2014
Biggest rise in global monthly bunker average since August 2012
Rotterdam 380 cSt monthly average at lowest level since March '09
Fourth consecutive month of high price volatility
Brent drops more than global bunker average for seventh consecutive month

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