In Week 44, the MABUX global bunker indices exhibited a general decline. The 380 HSFO index fell by USD 10.90: from USD 539.39/MT last week to USD 528.49/MT. The VLSFO index decreased by USD 18.90 (USD 596.21/MT versus USD 615.11/MT last week), crossing below the USD 600.00 mark. The MGO index declined by USD 20.55 (from USD 769.82/MT last week to USD 749.50/MT). At the time of writing, the global bunker indices were experiencing a moderate upward correction.

MABUX Global Scrubber Spread (SS) – the price differential between 380 HSFO and VLSFO – continued to narrow, decreasing by another $8.00 (from $75.72 last week to $67.72), and remaining well below the $100.00 mark (SS Breakeven). The weekly average also dropped by $6.26. In Rotterdam, SS Spread saw a sharp contraction, dropping by USD 26.00 to USD 22.00 from USD 48.00 last week, marking the lowest point since the IMO 2020 regulations took effect on January 1, 2020. The weekly average there also decreased by $25.66. In Singapore, the 380 HSFO/VLSFO price differential narrowed by $6.00: from $104.00 last week to $98.00, breaking the $100.00 mark. The weekly average in the port decreased by $8.33. The reduction in SS Spread is impacting the economic viability of the 380 HSFO + scrubber option. We anticipate this narrowing trend between 380 HSFO and VLSFO to continue next week.

Despite this week’s drop in bunker prices, we expect that an upward correction will prevail in the global bunker market next week.
Source: By Sergey Ivanov, Director, MABUX

https://www.hellenicshippingnews.com/mabux-bunker-prices-to-reverse-downward-trend-next-week-and-head-higher/