The MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, exhibited irregular changes on October 31st.
380 HSFO – USD/MT – 534.02 (-21.65)
VLSFO – USD/MT – 672.15 (+0.20)
MGO – USD/MT – 953.64 (-22.41)
HSFO Trends
As of Oct. 31, the MABUX MBP/DBP Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), registered the following trends in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: All four selected ports remained undercharged, with the undercharge premium narrowing by $13 in Rotterdam, $13 in Singapore, $11 in Fujairah, and $4 in Houston. Only Fujairah’s undervalue ratio was above the $100 mark.
VLSFO Trends
– VLSFO segment: Singapore and Fujairah have shifted to the overcharge zone, with overprice margins increasing by $23 in Singapore and $29 in Fujairah. The other two ports remained undercharged. The underprice premium narrowed by $15 in Rotterdam and $21 in Houston.
MGO LS Trends
– MGO LS segment: All four selected ports observed underpricing. The undercharge ratio dropped by $1 in Rotterdam, $8 in Singapore, $19 in Fujairah and $16 in Houston.
We expect bunker indices to continue irregular fluctuations on Nov. 01: 380 HSFO – plus-minus 1-5 USD/MT, VLSFO – plus-minus 1-5 USD/MT, MGO LS – plus 4-10 USD/MT.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: MABUX
