As of Aug. 21, 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, Singapore, Fujairah and Houston, reported mabux.
– HSFO segment: Three selected ports: Rotterdam, Singapore and Houston – remained on the overcharge zone. The overprice premium narrowed further by $6 in Rotterdam but widened by $2 in Singapore and by $11 in Houston. Fujairah was the only underpriced port. The undercharge ratio increased by $2.
– VLSFO segment: Fujairah moved back into the undercharge zone and joined Rotterdam and Houston. The underprice premium unchanged in Rotterdam but uncreased by $5 in Fujairah and by $5 in Houston. Singapore remained the only overcharged port but overprice ratio unchanged.
– MGO LS segment: All four selected ports are still in the undercharged area. The underprice margins continue widening by $1 in Rotterdam and by $15 in Fujairah. In Singapore and Houston MDI remained unchanged.
We expect Global bunker indices to turn down on Aug.22: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 2-4 USD/MT, MGO LS – minus 1-8 USD/MT.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe
Source : mabux
