On a Week 02, the MABUX World Bunker Index continued to grow steadily, continuing the upward trend started from the first week of the new year. Index 380 HSFO rose by 19.37 USD: from 504.92 USD / MT to 524.29 USD / MT. The VLSFO index surged by 21.11 USD: from 641.20 USD / MT to 662.21 USD / MT, while the MGO index added 25.79 USD (from 756.44 USD / MT to 782.23 USD / MT). The VLSFO and MGO LS indices for 380 HSFO have already exceeded the highs of October 2021 (VLSFO – 657.89 USD / MT on 26.10; and MGO LS – 779.20 USD / MT on 27.10).
The weekly average Global Scrubber Spread (SS) – the difference in price between 380 HSFO and VLSFO – showed a moderate decline of $ 2.33 during the week ($ 134.58 versus $ 136.91 last week). At the same time, SS Spread in Rotterdam increased slightly from $ 120.00 to $ 124.83 (plus $ 4.83 compared to the previous week). On the contrary, the average weekly SS Spread in Singapore fell by $ 3.83 to $ 183.00 from $ 186.83 last week. SS Spread indicators in the major hubs are still above the psychological $ 100 mark. More information is available in the “Price Difference” section of the website www.mabux.com.