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MABUX: Bunker Prices Moving Higher
During Week 21, MABUX World Bunker Index has returned to a phase of moderate upward evolution. 380 HSFO Index increased by 8.37 USD: from 416.01 USD/MT to 424.38 USD/MT, VLSFO Index rose by 7.82 USD: from 514.85 USD/MT to 522.67 USD/MT, while MGO index added $ 6.83 (from 610.52 USD/MT to 617.35 USD/MT).
MABUX ARA LNG Bunker Index – the average price of LNG as a marine fuel in the ARA region, fell by 6.98 USD from 607.67 USD/MT last week to 600.69 USD / MT now. At the same time, the average LNG Bunker Index rose by 6.74 USD. MGO LS prices for the same period rose by 9 USD / MT. Since May 6, the price of LNG as bunker fuel in Rotterdam has consistently exceeded the price of MGO LS by average 55-65 USD. LNG bunker price indices, TTF, NBP and Henry Hub gas futures, LNG bunker market news and more are available in the new LNG Bunkering section at www.mabux.com.
MABUX: Bunker Prices on the Rise
During Week 19, MABUX World Bunker Index was rather steady with no any drastic changes in values. 380 HSFO index rose by only 0.37 USD: from 432.74 USD/MT to 433.11 USD/MT, VLSFO Index increased by 3.57 USD: from 528.43 USD/MT to 532.00 USD/MT, while MGO Index gained 8.56 USD (from 610.30 USD/MT to 618.86 USD/MT).
The MABUX ARA LNG Bunker Index, available from April 29, 2021 and calculated as an average price of LNG as marine fuel in the ARA region, rose on Week 19 and showed weekly average 565.84 USD / MT (+ 41.70 USD). LNG Bunker Price Indices in major European ports and Regions, Gas Futures for TTF, NBP and Henry Hub, LNG Bunker Market news and more are available in new MABUX LNG Bunker Section on www.mabux.com
MABUX: Bunker Prices Continue Their Upward Trajectory
During Week 18, MABUX World Bunker Index continued firm upward movement following general trends on global crude oil market. 380 HSFO index rose by 11.23 USD: from 422.29 USD/MT to 433.52 USD/MT, VLSFO Index increased by 10.70 USD: from 518.22 USD/MT to 529.32 USD/MT, while MGO Index gained 14.76 USD (from 594.37 USD/MT to 609.13 USD/MT).
The MABUX ARA LNG Bunker Index, available from April 29, 2021 and calculated as an average price of LNG as marine fuel in the ARA region, showed weekly average 524.14 USD/MT. Gas Futures for TTF, NBP and Henry Hub, LNG Bunker Price Indices in major European ports and Regions, LNG Bunker Market news and more are available in new MABUX LNG Bunker Section on www.mabux.com
MABUX: Bunker Prices Follow Oil Market Downwards
During Week 16, MABUX World Bunker Index continued slight downward movement following general trends on global crude oil market. 380 HSFO index fell by 1.71 USD: from 420.45 USD/MT to 418.74 USD/MT, VLSFO Index decreased by 5.45 USD: from 512.44 USD/MT to 506.99 USD/MT, while MGO Index lost 3.98 USD (from 584.61 USD/MT to 580.63 USD/MT). The average value of the Global Scrubber Spread (SS) (the difference in price between 380HSFO and VLSFO) changed slightly and stays well below the $ 100 mark: 91.11 USD (versus 91.79 USD last week).
The global SS spread in the first four months of 2021 showed a steady recovery to the levels of early 2020, the pace of which, however, slowed somewhat in April. As a result, as of April 20, the global SS index rose from 85.64 USD (dd.01.01.2021) to 92.07 USD, remaining below the psychological mark of 100 USD since the end of March. The SS spread in Singapore increased in the same period from USD 91 to US