Bunker price-iron ore freight assumptions based on long-term elasticity of bunker price on freight
| Singapore Bunker Price-C5 pairs ($/ton) | VLSFO | HSFO | VLSFO-HSFO spread | C5-$/ton |
|---|---|---|---|---|
| Actual Annual Average (2021) | 535.1 | 416.5 | 118.6 | 12.0 |
| If $/ton defined by the nonscrubber vessel | 900.0 | 680.0 | 220.0 | 13.3 |
| If $/ton defined by the scrubber vessel | 900.0 | 680.0 | 220.0 | 12.3 |
| Singapore Bunker Price-C5 pairs ($/ton) | VLSFO | HSFO | VLSFO-HSFO spread | C5-$/ton |
|---|---|---|---|---|
| Actual Annual Average (2021) | 535.1 | 416.5 | 118.6 | 12.0 |
| If $/ton defined by the nonscrubber vessel | 900.0 | 680.0 | 220.0 | 13.3 |
| If $/ton defined by the scrubber vessel | 900.0 | 680.0 | 220.0 | 12.3 |
Source(s): Authors
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