Bunker Market Index – Week 24

Last week bunker prices continued to rise slightly. MABUX Global Bunker Index for 380 HSFO rose from $274/MT on June 04 up to $287/MT today, Jun.11 (plus $13), VLSFO – from $314/MT to $335/MT (plus $21), MGO LS – from $387/MT to $409/MT (plus $22).

RELATED POSTS

LNG-fueled Container Ships make up over half of the entire orderbook

3 days ago

Bunker fuel outlook, Week 20

4 days ago

Bunker fuel outlook, Week 19

2 weeks ago

Bunker indexes followed the general trend of the global oil market which was also in a rise as OPEC+ agreed to a one-month extension of its oil production cuts (9.6 million barrels per day) and adopted a stricter approach to ensuring members compliance.

The average VLSFO-HSFO global spread (so called Scrubber Spread (SS)) was steady the last 7 days and stands at 42.47 USD (+1.42 USD for index a week ago). In Rotterdam weekly SS index is 42.33 USD (-0.17 USD). The highest SS index was registered in Singapore this week: 87.17 USD (+17.84 USD), while in Fujairah it fell to 76.50 from 102.17 USD a week ago (-25.67) USD. The 380 HSFO-VLSFO spreads are still rather narrow. As a result, scrubber prospects have received a setback and installations are getting delayed globally.

Source: MABUX

Follow MABUX on Twitter:

[tfws username=”MabuxAB” height=”700″ width=”350″ theme=”light” color=”#FAB81E” tweets=”2″ header=”yes” footer=”yes” borders=”yes” scrollbar=”yes” background=”yes”]

RELATED POSTS

LNG-fueled Container Ships make up over half of the entire orderbook

3 days ago

Bunker fuel outlook, Week 20

4 days ago

Bunker fuel outlook, Week 19

2 weeks ago