MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO), reverted to downtrend on Oct. 11 after positive turn a day before:
380 HSFO – USD/MT – 559.42 (-7.07)
VLSFO – USD/MT – 663.19 (-4.12)
MGO – USD/MT – 980.20 (-1.78)
HSFO Overcharge
As of Oct. 12, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), registered the following trends in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: All four ports were undercharged. The undercharge premium slightly widened in Rotterdam by $4, but narrowed in Singapore by $8, in Fujairah by $8 and in Houston by $2. The underprice value in Fujairah dropped below $100 mark.
VLSFO Overcharge
– VLSFO segment: Singapore moved to the overcharge zone and is the only overestimated port now. The overcharge ratio increased by $20. Rotterdam and Houston continued to be underpriced with the premium decreasing by $ 5 in Rotterdam and by $13 in Houston. MDI in Fujairah remained unchanged.
MGO LS Overcharge
– MGO LS segment: The underprice margins declined in all four selected ports: by $1 in Rotterdam, $17 in Singapore, $20 in Fujairah and $1 in Houston.
We do not expect a firm trend in Global bunker market on Oct.13, bunker indices may change irregular: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 1-4 USD/MT, MGO LS – plus-minus 3-9 USD/MT.
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Source: MABUX
