On November 9, the MABUX World Bunker Index, calculated based on prevailing prices for 380 HSFO, VLSFO, and MGO, sustained a downward trend.
380 HSFO – USD/MT – 524.89 (-5.47)
VLSFO – USD/MT – 660.05 (-8.36)
MGO – USD/MT – 918.23 (-14.73)
HSFO Index
As of Nov. 09, 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 underprice premium narrowing further by $8 in Singapore, $10 in Fujairah and $7 in Houston. Rotterdam’s MDI Index held steady, while in Fujairah, it consistently stayed above the $100 mark.
VLSFO Index
– VLSFO segment: Singapore and Fujairah were overcharged, with overprice margins rising further by $11 in Singapore and $9 in Fujairah. Rotterdam and Houston remained in the underprice zone, with the undercharge premium narrowing by $9 in Rotterdam and $10 in Houston.
MGO LS Index
– MGO LS segment: Underpricing dynamics persisted across all four ports. The undercharge ratio rose by $6 in Rotterdam and by $3 in Singapore and dropped by $3 in Fujairah and $7 in Houston. The MDI Index in Houston moved closer to a 100 percent correlation between market price and the digital benchmark.
We expect Global bunker indices to shift to irregular changes Nov. 10 after a recent negative trend: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – minus 3-12 USD/MT.
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Source: MABUX
