The MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, experienced a modest uptick on November 6th.
380 HSFO – USD/MT – 543.24 (-3.00)
VLSFO – USD/MT – 683.37 (-2.36)
MGO – USD/MT – 957.50 (-5.95)
HSFO Pricing Shifts
As of Nov. 06, 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 were undercharged, with the undercharge premium widening further by $6 in Rotterdam, but narrowing by $6 in Singapore, $5 in Fujairah and $6 in Houston. Fujairah is still the only port where the undervalue ratio is slightly above the $100 mark.
VLSFO Pricing Shifts
– VLSFO segment: Singapore and Fujairah remained overcharged, with overprice margins increasing by $12 in Singapore and $9 in Fujairah. Rotterdam and Houston, on the other hand, have underpriced VLSFO, with the undercharge premium decreasing by $8 in Rotterdam and $4 in Houston.
MGO LS Pricing Shifts
– MGO LS segment: In all four selected ports, there is an underpricing trend. The undercharge ratio dropped by $6 in Rotterdam, $11 in Singapore, $11 in Fujairah and $12 in Houston.
We expect Global bunker indices to turn to an upward correction on Nov. 07: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus 1-7 USD/MT.
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Source: MABUX
