As of Nov. 10, a correlation of MABUX MBP Index (Market Bunker Prices) vs MABUX DBP Index (Digital Bunker Prices Benchmark) in the four largest global hubs revealed that the 380 HSFO fuel grade was undervalued in three of the four ports: minus $ 12 (minus $10 the day before), minus $17 (minus $15 the day before), and minus $4 (minus $1 the day before) in Rotterdam, Singapore, and Houston. At the same time, the 380 HSFO gasoline grade in Fujairah was overpriced by $15 (up from $14 the day before). On November 10th, no major changes were seen.
According to the MABUX MBP / DBP Index, VLSFO was overcharged in two of four selected ports on November 10. In Singapore, the overcharge ratio was plus $18 (plus $17 the day before), and in Fujairah, it was plus $25 (plus $18). This fuel grade was undercharged by minus $4 and minus $23 in Rotterdam and Houston, respectively (plus $1 and minus $10 the day before). The most dramatic changes for VLSFO occurred in Houston, where there was a $13 drop.
According to the MABUX MBP / DBP Index, MGO LS remained undervalued on November 10 in two of four selected ports: negative $ 47 (minus $51) in Rotterdam, and minus $ 32 (minus $ 30) in Singapore. The MGO LS gasoline grade was overcharged by $1 and $6 in Fujairah and Houston, respectively (after being overcharged by $ 2 and $8 the day before). On November 10th, no major changes were seen.
Did you subscribe to our newsletter?
It’s free! Click here to subscribe!