Bunker Prices May Reflect An Upward Trend

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MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO, and MGO in the main world hubs) demonstrated slight irregular changes on Feb.11, says an article published on their site.

380 HSFO – USD/MT – 574.86 (-0.76)

VLSFO – USD/MT – 735.52 (+1.09)

MGO – USD/MT – 862.81 (-6.43)

380 HFSO

As of Feb.11, a correlation of MABUX MBP Index (Market Bunker Prices) vs MABUX DBP Index (Digital Bunker Prices Benchmark) in the four largest global hubs showed that 380 HSFO fuel grade was overvalued in two out of four selected ports. 

In Rotterdam – by plus $6 (plus $8 the day before), and in Houston by plus $ 4 (plus $27 the day before).

In Singapore, this fuel grade was undercharged – by minus $22 (no changes), in Fujairah – by minus $6 (minus $4 the day before).

The most significant changes were registered in Houston, where the overcharge level decreased by $23 on Feb.11.

VLSFO

VLSFO, according to the MABUX MBP /DBP Index, was overcharged on Feb. 11 in all selected ports. 

The overcharge ratio was registered in Rotterdam – plus $33 (no changes), Singapore – plus $44 (plus $38 the day before), in Fujairah – by plus $45 (plus $44 the day before), in Houston by plus $19 (plus $18 the day before).

The most significant changes were registered in Singapore where the overcharge level increased by $6 on Feb.11.

MGO LS

MGO LS, according to the MABUX MBP /DBP Index, was undercharged in three out of four selected ports on Feb.11. 

In Rotterdam – minus $ 28 (no changes), in Singapore – minus $ 24 (minus $30 the day before), in Fujairah – minus $8 (minus $31 the day before).

In Houston, this fuel-grade remained overcharged by plus $35 (plus $32 the day before). The most significant changes were registered in Fujairah, where the undercharge level decreased by $23.

We expect global bunker prices may demonstrate sharp upward changes today. The price for 380HSFO may increase by 12-18 USD/MT, VLSFO may rise by 20-25 USD/MT, the price for MGO may add 10-15 USD/MT.

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Source: MABUS

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