On October 17, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, saw a slight decrease.
380 HSFO – USD/MT – 566.17 (-2.56)
VLSFO – USD/MT – 679.59 (-2.02)
MGO – USD/MT – 1 001.11 (-2.97)
HSFO Pricing Shifts
As of Oct. 17, 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 remained undercharged. The undercharge premium slightly narrowed by $6 in Rotterdam, $4 in Singapore, $7 in Fujairah and $3 in Houston. MDI index in Fujairah exceeded again the 100 USD mark.
VLSFO Pricing Shifts
– VLSFO segment: Singapore is the only overcharged port in this segment of bunker fuel with the overcharge premium widening by $1. The other three selected ports are underpriced with margins decreasing by $8 in Rotterdam, $6 in Fujairah and $8 in Houston. Singapore and Fujairah have nearly reached a 100 percent correlation between market price and the digital benchmark.
MGO LS Pricing Shifts
– MGO LS segment: All four selected ports remained underpriced. The margins have increased by $6 in Rotterdam and $9 in Singapore, but decreased by $1 in Fujairah and $34 in Houston.
We do not expect a sustainable trend in the Global bunker market on Oct.18: 380 HSFO – plus-minus 1-5 USD/MT, VLSFO – plus-minus 1-5 USD/MT, MGO LS – plus-minus 5-10 USD/MT.
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Source: MABUX
