On September 4th, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, persisted in its subtle upward trajectory.
380 HSFO – USD/MT – 571.74 (+1.43)
VLSFO – USD/MT – 673.54 (+4.81)
MGO – USD/MT – 991.95 (+3.33)
HSFO Pricing Shifts
As of Sep. 04, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), registered the following changes in four selected ports: Rotterdam, Singapore, Fujairah and Houston:
– HSFO segment: Rotterdam and Houston remained in the overcharge zone, with the premium narrowing in Rotterdam by $6 and in Houston by $14. Singapore and Fujairah, on the contrary, remained underpriced with Singapore’s undercharge margin increasing by $12 and Fujairah’s by $12.
VLSFO Pricing Shifts
– VLSFO segment: All four selected ports were underpriced. The undercharge premium widened by $2 in Rotterdam, $12 in Singapore, $7 in Fujairah and $12 in Houston.
MGO LS Pricing Shifts
– MGO LS segment: All four selected ports were in the underpriced area. The undervalue ratio increased by $11 in Rotterdam, $24 in Singapore, $20 in Fujairah but decreased by $2 in Houston.
We expect Global bunker indices to continue trending upwards on Sep. 05: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus 3-8 USD/MT.\
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Source : MABUX
