MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued sliding down on Aug. 24:
- 380 HSFO – USD/MT – 556.33 (-6.86)
- VLSFO – USD/MT – 656.83 (-4.80)
- MGO – USD/MT – 967.60 (-2.38)
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:
Global Fuel Price
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
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: 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-USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus 2-6 USD/MT.
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Source: MABUX
