As of September 8th, the MABUX World Bunker Index, which is calculated based on current prices for 380 HSFO, VLSFO, and MGO, exhibited no definitive direction and underwent sporadic fluctuations.
380 HSFO – USD/MT – 577.14 (-1.92)
VLSFO – USD/MT – 677.27 (-0.44)
MGO – USD/MT – 1 006.50 (+1.24)
HSFO Pricing Shifts
As of Sep. 08, 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 were overpriced with the overcharge premium narrowed by $1 in Rotterdam and stayed unchanged in Houston. In Singapore and Fujairah, MDI registered the underpricing with the ratio increased by $11 and decreased by $17 in Fujairah.
VLSFO Pricing Shifts
– VLSFO segment: MDI registered underpricing in all four selected ports. The undercharge premium decreased by $2 in Rotterdam, by $4 in Singapore, by $13 in Fujairah and by $3 in Houston.
MGO LS Pricing Shifts
– MGO LS segment: All four selected ports were in the underpriced area. The undervalue ratio widened by $1 in Rotterdam, $11 in Singapore, $4 in Fujairah and $2 in Houston.
We expect Global bunker market to resume upward evolution on Sep. 11: 380 HSFO – plus 1-4 USD/MT, VLSFO – plus 1-5 USD/MT, MGO LS – plus 10-10 USD/MT.
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Source: MABUX
