HSFO

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/

Fujairah Bunker Sales See Growth in July Driven by Increased HSFO Demand

Fujairah’s total bunker sales experienced a positive uptick in July, surpassing the figures recorded in June. This increase was primarily driven by a significant spike in sales of High Sulfur Fuel Oil (HSFO), according to data from the Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights.

HSFO Sales Surge
HSFO sales in July saw a notable increase, climbing by 27,000 metric tons to reach 176,000 metric tons. This marks the highest level of HSFO sales since March, with daily sales...

https://mfame.guru/fujairah-bunker-sales-see-growth-in-july-driven-by-increased-hsfo-demand/

MABUX: Bunker Weekly Outlook, Week 42, 2023

Credits: Venti Views/ Unsplash

Over the Week 42, the MABUX global bunker indices turned into an upward trend, primarily driven by the escalating conflict in the Middle East. The 380 HSFO index rose by 1.17 USD: from 566.49 USD/MT last week to 567.66 USD/MT.

MABUX

The VLSFO index, in turn, added 10.08 USD (677.39 USD/MT versus 667.31 USD/MT last week). The MGO index increased by 14.73 USD (from 981.98 USD/MT last week to 996.71 USD/MT, being at the 1000 USD mark.) 

Credit: Mabux
Global Scrubber...

https://mfame.guru/mabux-bunker-weekly-outlook-week-42-2023/

Asia Fuel Oil-VLSFO Crack Posts Weekly Gains

Credits: Arvind Vallabh/Unsplash

Refining cracks for very-low sulphur fuel oil (VLSFO) in Asia posted weekly gains as of Friday, though cash differentials have softened after a recent rally, reports XM.

The November 0.5% VLSFO crack LFO05SGDUBCMc1 rose day-on-day to a premium of $9.30 a barrel, climbing by about 6% week-on-week.

Cash premiums MFO05-SIN-DIF fell for a second straight day to a premium of $13.88 a metric ton, after hitting a four-month high earlier this week.

Bearish gasoline cracks...

https://mfame.guru/asia-fuel-oil-vlsfo-crack-posts-weekly-gains/

Challenges Loom For NWE Hi-5 Amidst Gasoline And VLSFO Output

Credits: Georg Eiermann/Unsplash

In September, the Rotterdam 0.5%/3.5% sulfur fuel oil spread hit record lows, with Platts assessing it at $20/mt on Sept. 9, down from $228.75/mt a year earlier.

Growth Potential

“The forward curve is too optimistic,” Arne Anders Lohmann Rasmussen, chief analyst at hedging company Global Risk Management, said. “I see HSFO staying expensive and VLSFO under pressure.”

S&P Global analysts project Rotterdam Hi-5 to rise from $64.10/mt in September to $71.60/mt in...

https://mfame.guru/challenges-loom-for-nwe-hi-5-amidst-gasoline-and-vlsfo-output/

No Sustainable Trend in Global Bunker Market on Aug 23

Credit: maxim-hopman-unsplash

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) turned to downtrend on Aug. 22.

The downtrend on Aug 22

380 HSFO – USD/MT – 562.07 (-4.28)

VLSFO – USD/MT – 665.09 (-4.97)

MGO – USD/MT – 969.55 (-1.46)

Port

As of Aug. 22, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), recorded the following changes in four selected ports: Rotterdam,...

https://mfame.guru/no-sustainable-trend-in-global-bunker-market-on-aug-23/

Singapore’s HSFO Price Steady, VLSFO & LSMGO Down

Credits: Olga-subach-unsplash

Singapore price changes on the day to 12.00 SGT (04.00 GMT):

  • VLSFO price down $6/mt to $641/mt
  • LSMGO price down $12/mt to $890/mt
  • HSFO price unchanged at $560/mt
Recent trends:
  • VLSFO up from 18-month low of $530/mt on 20 March
  • LSMGO up from 17-month low of $646/mt on 4 May
  • HSFO up from 20-month low of $355/mt on 8 December

Did you subscribe to our daily newsletter?

It’s Free! Click here to Subscribe!

Source: ENGINE

The post Singapore’s HSFO Price Steady, VLSFO & LSMGO...

https://mfame.guru/singapores-hsfo-price-steady-vlsfo-lsmgo-down/

Singapore Prices Rise Across All Grades Over The Weekend

Credit: Engine

From Friday to 12:00 SGT (04:00 GMT) today, Singapore’s prices have undergone fluctuations. Over the weekend, there has been a universal increase in prices across all categories.

Today Trends:

Singapore price changes on the day from Friday, to 12.00 SGT (04.00 GMT) today:

  • VLSFO price up $12/mt to $647/mt
  • LSMGO price up $24/mt to $902/mt
  • HSFO price up $15/mt to $560/mt
Recent trends:
  • VLSFO up from 18-month low of $530/mt on 20 March
  • LSMGO up from 17-month low of $646/mt on 4 May
  • HSFO...

https://mfame.guru/singapore-prices-rise-across-all-grades-over-the-weekend/

LNG Prices Plummet To Lowest Levels In Years!

Credits: Zbynek Burival/Unsplash

Fuel is one of the biggest costs in ocean shipping, and fuel pricing has seen some big changes in recent months, featuring new dynamics that haven’t been seen in years. Prior to the IMO 2020 regulation implemented on Jan. 1, 2020, most of the world’s commercial ships ran on 3.5% sulfur fuel known as high sulfur fuel oil (HSFO). Ships with exhaust-gas scrubbers can continue to burn HSFO under IMO 2020, while others — the majority of the commercial fleet — have...

https://mfame.guru/lng-prices-plummet-to-lowest-levels-in-years/

VLSFO Cash Differential Ends Week In Discount

Credit: Export Org UK

Asia’s cash differential for very-low sulphur fuel oil (VLSFO) closed the trading week in a discount to Singapore quotes on Friday as bearish fundamentals weighed, says an article published on Hellenicshippingnew.

Product’s front-month crack

Spot 0.5% VLSFO MFO05-SIN-DIF was pegged at a discount of 45 cents per metric ton, though the product’s front-month crack LFO05SGDUBCMc1 rebounded slightly day-on-day at a premium of $8.41 a barrel.

Meanwhile, cash differential for 380-cst...

https://mfame.guru/vlsfo-cash-differential-ends-week-in-discount/

+ More