Introduction — The Truth Behind EN590 Prices in 2025 (And Why Buyers Get Confused)

In 2025, EN590 prices vary significantly between Rotterdam, Jurong (Singapore), Fujairah, Houston, and Asia-Pacific hubs.
Buyers constantly ask:

• “Why is EN590 cheaper in Rotterdam?”

• “Why is Singapore (Jurong) carrying higher premiums?”

• “Why does TTT Rotterdam cost less than CIF Asia?”

• “Why do sellers adjust premiums daily?”

• “Why do different sellers quote different prices for the same month?”

The truth:

EN590 pricing is built on regional supply-demand dynamics, refinery output, logistics costs, risk premiums, port capacity, and geopolitical trends.
Understanding these variables is mandatory for institutional buyers, mandates, and traders.

This article provides:

• A complete 2025 EN590 market analysis

• The institutional reasons behind pricing differences

• Rotterdam vs. Jurong premium comparison

• Internal refinery & logistics factors

• SWIFT, POP, and operational impacts on price

• How NNRV Trade Partners guides clients through real pricing

SECTION 1 — Understanding the Global Context (Macro & Industry)

1.1 EN590 Prices Are Index-Based — But Premiums Are Local

EN590 price =
Platts Europe or Platts Asia

• Regional Premium

• Operational Costs

• Risk Premium

• Markup (internal commissions)

Key variables differ by port:

This is why the same EN590 may be:

• Cheaper in Rotterdam

• More expensive in Jurong

1.2 Rotterdam Is Europe’s Largest Petroleum Hub

Reasons Rotterdam prices are more competitive:

• Massive refinery throughput

• High inventory volume

• Lower tank leasing costs

• High turnover = lower storage fees

• Cheaper inland logistics

• Access to ARA (Amsterdam–Rotterdam–Antwerp)

• Fewer geopolitical chokepoints

1.3 Jurong (Singapore) Is Asia’s Strategic Hub—but More Expensive

Jurong carries higher premiums due to:

• Higher freight into Asia

• Limited storage space

• Higher terminal fees

• Higher demand from industrial & aviation sectors

• Imported product from Middle East, Korea, Japan

• Larger geopolitical exposure (Red Sea, Hormuz, Taiwan Strait)

This alone creates a price gap between EU and Asia.

SECTION 2 — Detailed Explanation: Why Rotterdam and Jurong Have Different Premiums

Here are the technical, financial, and logistical reasons.

2.1 Freight & Logistics Costs

Rotterdam:

• Shorter supply lines (EU refineries)

• Cheaper vessel/day rates

• Lower demurrage risk

Jurong:

• Majority of cargo imported via long-haul shipping

• Higher freight on Middle East → Singapore

• Higher marine insurance premiums

• Longer voyage time → higher cost → higher final EN590 price

2.2 Refinery Output & Regional Supply

Europe (Rotterdam):

• EN590 produced at scale

• Refineries optimized for ULSD (Ultra-Low Sulfur Diesel)

Asia (Jurong):

• High demand, but less local EN590 production

• Singapore must import, not produce

• Imports raise cost (CIF freight + local premium)

2.3 Terminal Storage Costs & Availability

Rotterdam:

• Storage costs: €3.50–€6.50/MT (common range)

• High terminal competition

• High turnover = lower cost

Jurong:

• Storage cost: $6–$12/MT

• Limited storage availability

• Higher demand for premium secure tanks

2.4 Risk Premiums

Singapore prices include:

• Geopolitical tension

• Supply chain vulnerabilities

• Asian demand volatility

• Vessel congestion risk

Meanwhile Rotterdam benefits from:

• Stable logistics

• Predictable flows

• Lower insurance premiums

2.5 Regulatory & Environmental Costs

Europe has cleaner diesel standards (EN590 Euro 5/6).
Asia sometimes imports:

• Russian diesel

• Middle Eastern diesel

• Korean/Japanese blends

Differences in sulfur requirements = different pricing.

2.6 Banking & SWIFT-Related Premiums

Jurong-based sellers often require:

• MT799 pre-advice

• Standby LC

• High-value SWIFT traffic

• Tighter compliance under MAS (Monetary Authority of Singapore)

These banking conditions increase operational costs → higher premiums.

SECTION 3 — NNRV Expert Analysis: What Buyers Misunderstand About EN590 Pricing

3.1 Comparing Rotterdam Prices to Jurong Prices Is Incorrect

Example:

A buyer sees:

• Rotterdam TTT: $550/MT

• Jurong CIF: $610/MT

He thinks: “The seller is adding $60 markup.”

Wrong.

Differences come from:

• Freight

• Asian premiums

• Terminal fees

• Risk premiums

• Demand cycles

• Market positioning

3.2 The “Cheapest Price” Is Often Fake

When buyers chase:

• Unrealistic discounts

• Below-market quotes

• Offers that “beat Platts”

They attract scammers or broker chains.

Real EN590 sellers NEVER quote:

• Below Platts minus $120

• Below Rotterdam premium benchmarks

• Same premiums worldwide

3.3 The Premium Gap Is Widening in 2025

This is due to:

• Middle East tensions

• Red Sea route disruptions

• Higher bunker fuel costs

• Increased Asian demand

• EU refinery optimization

NNRV monitors these trends daily.

SECTION 4 — Timeline: EN590 Price Formation (Daily Market Workflow)

00:00–05:00 GMT

Refineries evaluate overnight flow data.

05:00–08:00 GMT

Platts updates pricing markers.

08:00–10:00 GMT

Seller allocators adjust premiums.

10:00–14:00 GMT

Rotterdam terminals update tank fees.

14:00–17:00 GMT

Asian premium adjustments (Singapore time).

17:00–21:00 GMT

Traders open offer books (SCO issuance).

21:00–23:59 GMT

Overnight adjustments for next day.

SECTION 5 — Client Questions (20 High-Level Q&A)

10 Buyer Questions

1. Why is EN590 more expensive in Asia?

2. Can I get Rotterdam pricing in Jurong?

3. Why do sellers refuse to match EU prices?

4. Does TTT Rotterdam guarantee cheaper price?

5. Why do sellers charge higher premiums for small quantities?

6. Why do premiums change daily?

7. Does POP impact price?

8. Does MT799 affect pricing?

9. Does freight volatility impact EN590 price?

10. Why are CIF quotes higher than FOB?

10 Seller Questions

1. Why do Asian buyers demand Rotterdam pricing?

2. Should I allow buyer’s procedure for Jurong deals?

3. How do I justify my premiums to buyers?

4. Why are my CIF prices misunderstood by buyers?

5. How to explain freight costs to intermediaries?

6. How to protect my markup in Asia?

7. Which documents justify regional pricing?

8. Does SPA structure impact premiums?

9. Should I fix price before Q&Q?

10. When do I adjust premiums?

SECTION 6 — Proof & Institutional Credibility

This pricing analysis aligns with:

• Platts Europe & Platts Asia

• IEA & EIA global supply reports

• Refinery production data (ARA hubs, MEG, APAC)

• Terminal pricing from Vopak, Oiltanking, VTTI

• Shipping data (Baltic Dry Index, bunker cost curves)

• SWIFT-based trade finance structures (MT799/MT103/MT760)

This is exactly how:

• Vitol

• Trafigura

• Gunvor

• Glencore

• Mercuria

• Shell

• TotalEnergies

…evaluate EN590 regional price differences.

SECTION 7 — Professional Call to Action (CTA)

📌 Need a Real Price Breakdown for Your EN590 Transaction?

NNRV Trade Partners provides:

• Regional premium comparison (Rotterdam vs. Jurong vs. Fujairah)

• Price validation against Platts

• Seller credibility check

• Tank availability analysis

• Freight cost calculation

• SPA & premium structuring

• POP verification & compliance

📩 info@nnrvtradepartners.com
🌐 www.nnrvtradepartners.com

Mini FAQ (5 Key Questions)

1. Can Rotterdam and Jurong ever have the same price?
   Not realistically — structural differences make it impossible.

2. Can NNRV provide daily EN590 price updates?
   Yes — institutional clients only.

3. Are lower premiums a sign of a fake seller?
   Often yes.

4. Can buyers reduce premiums?
   Through volume, vessel optimization, and long-term SPA.

5. Can I request Rotterdam pricing while lifting in Asia?
   No — freight and regional demand make this impossible.

Why Choose NNRV Trade Partners?

• Institutional market analysis

• Premium structuring for buyers & sellers

• Refinery-aligned pricing models

• Real-time global premium monitoring

• SPA-integrated financial modeling

• Compliance-first transaction management

• Confidential, professional, and trusted