MABUX reports upward trend in bunker indices
Over Week 40, Marine Bunker Exchange (MABUX) global bunker indices turned to upward evolution with the 380 HSFO index increasing last week to US$502.55/mt, the VLSFO index rising to US$786.38/mt and the MGO index growing to US$1,144.10/mt.
Meanwhile, the Global Scrubber Spread (SS) weekly average, the price differential between 380 HSFO and VLSFO, increased over the last week by US$6.98 to US$265.19.
In Rotterdam, the average SS Spread continued to decline to US$203.17, in Singapore, the average weekly price differential of 380 HSFO/VLSFO contrariwise, increased to US$294.50.
“The indicators of the Global SS Spread and the values of SS Spread in the largest hubs spread out from each other,” commented MABUX analysts.
MABUX reported that the spread between LNG price and the price for MGO is wider again with LNG prices being more than 2.5 times higher than the most expensive type of traditional bunker fuel. The price of MGO LS at the port of Sines was quoted on 5 October at US$1,149/mt.
Anastasia Pervova, marketing analytic of MABUX, stated, “high volatility still prevails on the global bunker market. We expect that irregular changes to continue during the next week.”