On August 24th, the MABUX World Bunker Index, which is calculated based on current prices for 380 HSFO, VLSFO, and MGO, maintained its downward trajectory. The Mabux source.
- 380 HSFO – USD/MT – 556.33 (-6.86)
- VLSFO – USD/MT – 656.83 (-4.80)
- MGO – USD/MT – 967.60 (-2.38)
HSFO Segment Analysis
As of Aug. 24, 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:
HSFO segment Singapore transitioned into the underpriced area, aligning with Fujairah. The underpricing premium expanded by $21 in Singapore, while it remained steady in Fujairah. Rotterdam and Houston faced overcharging, with the overcharge ratio decreasing by $5 in Rotterdam but increasing by $4 in Houston.
VLSFO Segment Analysis
VLSFO segment Singapore ultimately shifted into the overcharged area, joining Houston. Overcharge margins surged by $5 in Singapore and by $4 in Houston. Rotterdam and Fujairah continued to be undercharged, although the premium decreased by $1 in Rotterdam and increased by $2 in Fujairah. Minor variations were observed in the MDI across all selected ports.
MGO LS Segment Overview
MGO LS segment All four selected ports remained in the underprice zone. Rotterdam’s margins widened by $1, Singapore’s and Fujairah’s margins narrowed by $7 and $2 respectively. The MDI in Houston unchanged.
We expect Global bunker indices to show a slight uptrend on Aug.25: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus 2-6 USD/MT.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: MABUX
