MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO), sharply declined on Oct. 04 amid high volatility in the market:
380 HSFO – USD/MT – 581.69 (-13.27)
VLSFO – USD/MT – 679.42 (-9.78)
MGO – USD/MT – 1 016.51 (-16.83)
HSFO Overcharge
As of Oct. 04, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), continued to indicate underpricing in all bunker fuel segments in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: The underprice premium sharply widened by $31 in Rotterdam, $7 in Singapore, $36 in Fujairah and $14 in Houston.
VLSFO Overcharge
– VLSFO segment: The undercharge ratio continued increasing as well: by $7 in Rotterdam, $12 in Singapore, $7 in Fujairah and $12 in Houston.
MGO LS Overcharge
– MGO LS segment: The underprice dynamics did not have a firm trend, decreasing in Rotterdam by $9 and in Fujairah by $7 but increasing in Singapore by $5 and in Fujairah by $7.
All in all, the underprice levels in all fuel segments are gradually narrowing.
We expect Global bunker indices to plunge on Oct. 05: 380 HSFO – minus 10-20 USD/MT, VLSFO – minus 10-25 USD/MT, MGO LS – minus 10-35 USD/MT.
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Source : MABUX
