On November 3rd, the MABUX World Bunker Index, which is based on current prices for 380 HSFO, VLSFO, and MGO, showed a slight upward trend.
380 HSFO – USD/MT – 546.24 (+6.43)
VLSFO – USD/MT – 685.73 (+5.79)
MGO – USD/MT – 963.45 (+5.13)
HSFO Insights
As of Nov. 03, the MABUX MBP/DBP Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has recorded the following trends in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: All four selected ports remained undercharged, with the undercharge premium widening by $3 in Rotterdam, $4 in Singapore and $4 in Fujairah, but narrowing by $1 in Houston. Fujairah is the only port where the undervalue ratio exceeds the $100 mark.
VLSFO Insights
– VLSFO segment: Singapore and Fujairah were overcharged, with overprice margins decreasing by $19 in Singapore and $13 in Fujairah. The other two ports: Rotterdam and Houston – were underpriced. The undercharge premium increased by $10 in Rotterdam and $13 in Houston.
MGO LS Insights
– MGO LS segment: All four selected ports were underpriced. The undercharge ratio rose by $5 in Rotterdam, $9 in Singapore and $12 in Fujairah. The MDI index in Houston remained unchanged.
We expect Global bunker indices to revert to a downtrend on Nov. 06: 380 HSFO – minus 3-8 USD/MT, VLSFO – minus 4-10 USD/MT, MGO LS – minus 8-20 USD/MT.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe
Source: MABUX
