The MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, exhibited a lack of sustained direction and moved laterally on October 23.
380 HSFO – USD/MT – 575.24 (-1.31)
VLSFO – USD/MT – 688.31 (-0.37)
MGO – USD/MT – 1 005.00 (+7.79)
HSFO Overpriced
As of Oct. 23, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), recorded the undercharging in all fuel segments across the four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: The undercharge premium slightly widened by $4 in Rotterdam, $6 Singapore and by $2 in Fujairah, but narrowed by $3 in Houston.
VLSFO Overpriced
– VLSFO segment: All four selected ports were undercharged while the undervalue margins increasing by $1 in Rotterdam, $6 in Singapore and $7 in Fujairah, but decreasing by $8 in Houston.
MGO LS Overpriced
– MGO LS segment: The undercharge premium rose by $26 in Rotterdam, $25 in Singapore and $20 in Fujairah, while dropped by $10 in Houston.
We expect Global bunker indices to drift lower on Oct. 24: 380 HSFO – minus 5-10 USD/MT, VLSFO – minus 5-12 USD/MT, MGO LS – minus 7-14 USD/MT.
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Source: MABUX
