On October 20, the MABUX World Bunker Index, which is calculated based on current prices for 380 HSFO, VLSFO, and MGO, showed a modest upward trajectory.
380 HSFO – USD/MT – 576.55 (+2.53)
VLSFO – USD/MT – 688.68 (+3.92)
MGO – USD/MT – 997.21 (+2.40)
HSFO Undercharge
As of Oct. 20, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), recorded the underpricing in all fuel segments across the four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: The undercharge premium slightly widened by $1 in Rotterdam and Singapore, and by $4 in Houston, but narrowed by $3 in Fujairah, where the underpricing value remains above $100 mark.
VLSFO Undercharge
– VLSFO segment: All four selected ports were undercharged while the undervalue margins increasing by $5 in Rotterdam and $6 in Houston, but decreased by $2 in Fujairah. In Singapore, the MDI index remained unchanged, and the port is nearing MDI’s 100 percent correlation mark.
MGO LS Undercharge
– MGO LS segment: The undercharge premium dropped by $1 in Rotterdam, $11 in Singapore and $9 in Fujairah, while rose by $2 in Houston.
We expect Global bunker indices do not have a sustainable trend on Oct. 23 and will change irregular: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 1-3 USD/MT, MGO LS – plus-minus 5-15 USD/MT.
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Source: MABUX
