On August 17, the MABUX World Bunker Index, which is calculated based on current prices for 380 HSFO, VLSFO, and MGO, exhibited a lack of a definitive trend and instead underwent lateral fluctuations.
380 HSFO – USD/MT – 557.76 (-2.79)
VLSFO – USD/MT – 663.74 (-1.71)
MGO – USD/MT – 948.63 (+0.69)
As of Aug. 17, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), recorded the following changes in four selected ports: Rotterdam, Singapore, Fujairah and Houston:
Bunker Prices Update
– HSFO segment: Three selected ports: Rotterdam, Singapore and Houston – remained
overcharged. The overprice premium widened by $1 in Rotterdam, by $5 in Singapore and by $7 in Houston. Fujairah was the only underpriced port. The undercharge ratio increased by $14.
– VLSFO segment: Fujairah and Houston moved into the overcharge zone and joined Singapore. The overprice premium increased by $4 in Singapore, $7 in Fujairah and $18 in Houston. Thus, Rotterdam remained the only underpriced port in this segment of fuel. The underprice ratio decreased by $1.
– MGO LS segment: All four selected ports remained undercharged. The underprice margins widened by $2 in Rotterdam, $5 in Singapore, $2 in Fujairah but narrowed by $4 in Houston.
We expect Global bunker indices to turn into uptrend on Aug.18: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 3-6 USD/MT, MGO LS – plus 5-12 USD/MT.
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Source: MABUX
