On September 11th, the MABUX World Bunker Index, which reflects current prices for 380 HSFO, VLSFO, and MGO, resumed its upward trajectory.
380 HSFO – USD/MT – 579.93 (+2.79)
VLSFO – USD/MT – 681.30 (+4.03)
MGO – USD/MT – 1 016.68 (+4.89)
HSFO Over Charge
As of Sep. 08, 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 remained overpriced with the overcharge premium widened by $5 in Rotterdam and by $6 in Houston. In Singapore and Fujairah, MDI registered the underpricing with the ratio increased by $11 in Singapore and by $10 in Fujairah.
VLSFO Market Update
– VLSFO segment: MDI registered underpricing in all four selected ports. The undercharge premium decreased by $5 in Rotterdam and by $2 in Singapore, increased by $8 in Fujairah and remain unchanged in Houston.
MGO LS Market Update
– MGO LS segment: All four selected ports were in the underpriced area. The undervalue ratio widened significantly: by $32 in Rotterdam, $31 in Singapore, $43 in Fujairah and $8 in Houston.
We expect Global bunker market to continue slight uptrend on Sep. 12: 380 HSFO – plus 0-3 USD/MT, VLSFO – plus 0-3 USD/MT, MGO LS – plus 5-10 USD/MT.
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Source : MABUX
