MABUX World Bunker Index Sees Fluctuations Across 380 HSFO, VLSFO, and MGO Categories on August 16th
380 HSFO – USD/MT – 560.55 (-7.06)
VLSFO – USD/MT – 665.45 (-5.05)
MGO – USD/MT – 947.94 (+4.38)
HSFO Segment Varied
As of Aug. 16, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), recorded the following alterations in four selected ports: Rotterdam, Singapore, Fujairah and Houston:
– HSFO segment: Three selected ports: Rotterdam, Singapore and Houston – were overcharged. The overprice premium widened by $1 in Rotterdam and by $2 in Singapore but narrowed by $9 in Houston. Fujairah remained the only underpriced port. The undercharge ratio increased by $3.
Port Price Shifts
– VLSFO segment: Singapore was still the only overcharged port in this segment of fuel. The overprice premium increased by $4. The rest three ports remained undercharged. The underprice ratio decreased in Rotterdam by $1, in Fujairah by $8 (coming closer to 100 percent correlation mark) and in Houston by $4.
– MGO LS segment: All the ports remained notably undercharged. The underprice ratio narrowed by $8 in Rotterdam, $10 in Fujairah and $9 in Houston but widened by $1 in Singapore.
Expected downward trend to continue in Global bunker market on Aug.17: 380 HSFO – minus 3-7 USD/MT, VLSFO – minus 4-9 USD/MT, MGO LS – minus 1-3 USD/MT.
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Source: mabux
