Global bunker indices still in downward trend
The 380 HSFO index dropped by US$9.30 to US$531.05/MT, approaching the US$500 mark. The VLSFO index fell by US$10.88 to US$630.92/MT. The MGO index decreased by US$13.61 to US$810.08/MT, nearing the US$800 mark. “At the time of writing, the global bunker indices showed signs of a moderate upward reversal,” noted a MABUX official.
The MABUX Global Scrubber Spread (SS), which reflects the price difference between 380 HSFO and VLSFO, saw a slight decrease of US$1.58 dropping to US$99.87, once again dipping below the US$100 mark. The weekly average also fell slightly by US$0.38.
In Rotterdam, the SS Spread increased by US$10, rising from US$64 to US$74, with the weekly average up by US$0.33. In Singapore, the 380 HSFO/VLSFO spread grew by US$4, from US$107 to US$111, staying above the US$100 mark. The weekly average in Singapore widened by US$4.50. “Currently, there is no clear trend in the dynamics of the Global SS Spread and SS indices across ports,” pointed out a MABUX representative.
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