Bunker Weekly Outlook, Week 13, 2021
The Weekly Outlook was contributed by Marine Bunker Exchange (MABUX)
MABUX World Bunker Index has shown irregular changes during the week. The 380 HSFO index has increased from 408.36 USD/MT to 414.48 USD/ MT (+6.12 USD), VLSFO has lost 5.08 USD: from 505.14 USD/MT to 500.06 USD/MT. MGO LS decreased by 8.54 USD from 581.39 USD/MT to 572.85 USD/MT.
The Global Scrubber Spread (SS) – the difference in price between 380 HSFO and VLSFO – continued to decline during the week and averaged 89.41 USD (98.79 USD last week).
SS Spread in Rotterdam has increased during the week from 88.00 USD up to 95.00 USD (+7.00 USD), the average SS spread for the week has also increased by 2.84 USD from 90.83 last week to 93.67 USD. In Singapore, SS Spread has slightly increased during the week by 1.00 USD: from 103.00 USD to 104.00 USD, while the average weekly SS index rose by 5.00 USD: from 99.17 USD last week to 104.17 USD.