bunker market

Week 34 Bunker Market Analysis: Mixed Trends and Insights

During Week 34, the MABUX global bunker indices displayed a moderate downward trend. The 380 HSFO index dropped from $529.90 per metric ton (MT) to $523.21 per MT, while the VLSFO index decreased to $618.36 per MT. The MGO index experienced a more significant drop, marking a return below the $800 threshold. Despite these changes, the global bunker market showed no clear trend, with indices exhibiting unsustainable dynamics.

Scrubber Spread Movements and Regional Discrepancies

The MABUX Global...

https://mfame.guru/week-34-bunker-market-analysis-mixed-trends-and-insights/

KPI Oceanconnect Exhibits “Clear Hunger” for More Acquisitions

  • China’s bunker fuel market becoming more competitive
  • Liquidity pressure to spur industry consolidation globally
  • IMO 2020 transition paves way to expedite shipping’s decarbonization goals

Marine fuel sales worldwide in 2021 will likely grow by 3%-5% compared to 2019 as demand returns despite the challenges posed by the global coronavirus pandemic, with KPI OceanConnect poised to seek expansion opportunities worldwide, according to Soren Holl, CEO of KPI OceanConnect, reports Platts.

Competitive...

https://mfame.guru/kpi-oceanconnect-exhibits-clear-hunger-for-more-acquisitions/

Better Results Expected for the Global Bunker Market in 2021

  • The World Bunker Index MABUX displayed irregular fluctuations over a week due to COVID-19 pandemic’s spread related worries.
  • Border closures & shutdowns continue to constrain fuel demand.
  • 380 HSFO index fell from 367.25 USD/MT to 365.95 USD/ MT (-1.30 USD), 
  • VLSFO added 1.00 USD: from 461.00 USD/MT to 462.00 USD/MT while 
  • MGO gained 2.25 USD and changed from 515.58 USD/MT up to 517.83 USD/MT. 

The COVID-19 pandemic’s spread is taking center stage again and markets are getting increasingly...

https://mfame.guru/better-results-expected-for-the-global-bunker-market-in-2021/

Fujairah Heavy Distillate Falls Amid Tight Supply

  • Stocks of heavy distillates and residues at Fujairah fell 11% to 10.34 million barrels due to tight supply.
  • The outflow for Persian Gulf high sulfur fuel oil cargoes to Singapore is steady owing to a strongly backwardated Singapore market.
  • The Singapore 380 CST HSFO cash differential hit a record high of $61.92/mt on September 17.

According to an article published in Platts, stocks of heavy distillates and residues at Fujairah fell 11% on the week.

Oil prices continue to fall

Market sources say...

http://mfame.guru/fujairah-heavy-distillate-falls-amid-tight-supply/

+ More