On September 13, the MABUX World Bunker Index, which calculates the index based on the prevailing prices for 380 HSFO, VLSFO, and MGO, continued its upward trajectory.
380 HSFO – USD/MT – 585.58 (+3.87)
VLSFO – USD/MT – 688.69 (+5.57)
MGO – USD/MT – 1 029.63 (+2.75)
HSFO Pricing Shifts
As of Sep. 13, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), registered the following changes in four selected ports: Rotterdam, Singapore, Fujairah and Houston:
– HSFO segment: Rotterdam and Houston were overpriced with the overcharge premium unchanged in Rotterdam and dropped by another $1 in Houston bringing the port closer to 100 percent correlation mark. In Singapore and Fujairah, MDI registered the underpricing with the ratio widening by $7 in Singapore and narrowing by $1 in Fujairah.
VLSFO Pricing Shifts
– VLSFO segment: MDI registered underpricing in all four selected ports. The undercharge premium increased by $5 in Rotterdam, by $6 in Fujairah and by $7 in Houston but remained unchanged in Singapore.
MGO LS Pricing Shifts
– MGO LS segment: All four selected ports remained in the underpriced area. The undervalue ratio dropped significantly: by 31 in Rotterdam, $42 in Singapore, $38 in Fujairah and by $8 in Houston.
We do not expect a firm trend in Global bunker market on Sep. 13: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 1-13 USD/MT, MGO LS – plus 5-18 USD/MT.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!