VLSFO

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 44, 2023

During Week 44, the MABUX global bunker indices exhibited erratic fluctuations with no clear sustained trends. The 380 HSFO index declined by $27.94, dropping from $562.50 USD/MT the previous week to $534.56 USD/MT.

The VLSFO index increased by $1.06, reaching $672.58 USD/MT compared to $671.52 USD/MT the previous week. The MGO index saw a significant decrease of $29.73, going from $986.93 USD/MT last week to $957.20 USD/MT. At the time of writing, market trends remain uncertain.

Global Scrubber...

https://mfame.guru/mabux-bunker-weekly-outlook-week-44-2023/

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/

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

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Source: ENGINE

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

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

MABUX: Upward trend to continue in Global bunker market on August 21

Credit: Shaah Shahidh/Unsplash

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) demonstrated upward evolution on Aug. 18.

Upward Evolution:

380 HSFO – USD/MT – 564.23 (+6.47)
VLSFO – USD/MT – 666.76 (+3.02)
MGO – USD/MT – 961.19 (+12.56)

As of Aug. 18, 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/mabux-upward-trend-to-continue-in-global-bunker-market-on-august-21/

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/

Global Bunker Indices To Turn Into A Downtrend On August 15

Credit: Shaah Shahidh/Unsplash

MABUX says World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) changed irregular with no firm trend on Aug. 14:

  • 380 HSFO – USD/MT – 572.88 (+0.76)
  • VLSFO – USD/MT – 671.61 (+0.28)
  • MGO – USD/MT – 950.02 (-2.00)

As of Aug. 14, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), recorded the following alterations in four selected ports: Rotterdam,...

https://mfame.guru/global-bunker-indices-to-turn-into-a-downtrend-on-aug-15/

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