On October 26, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, exhibited irregular changes without a distinct trend.
380 HSFO – USD/MT – 561.15 (-1.35)
VLSFO – USD/MT – 672.65 (+1.13)
MGO – USD/MT – 982.05 (-4.88)
HSFO UnderPricing
As of Oct. 26, 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 underpricing in all fuel segments across the four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: The undercharge premium has widened by $7 in Rotterdam, $8 in Singapore, $8 in Fujairah, and $8 in Houston. Fujairah continues to exhibit consistent undercharging above the $100 mark.
VLSFO UnderPricing
– VLSFO segment: Singapore reentered the undercharge zone, resulting in all four ports being underpriced. The underprice premium increased by $4 in Rotterdam, $8 in Singapore, $12 in Fujairah and $16 in Houston.
MGO LS UnderPricing
– MGO LS segment: The underprice ratio dropped by $2 in Rotterdam, $2 in Singapore and $4 in Houston, but rose by $4 in Fujairah.
We do not expect any firm trends in the Global bunker market on Oct. 27: 380 HSFO – minus 4-8 USD/MT, VLSFO – minus 5-9 USD/MT, MGO LS – plus 3-8 USD/MT.
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Source: MABUX
