On October 10, the MABUX World Bunker Index, based on prevailing prices for 380 HSFO, VLSFO, and MGO, showed a modest upward trend.
380 HSFO – USD/MT – 569.39 (+4.14)
VLSFO – USD/MT – 669.06 (+5.48)
MGO – USD/MT – 977.32 (+6.71)
HSFO Undercharge
As of Oct. 10, the MABUX MBP/DBP Index (MDI) (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 were underpriced with the undercharge premium slightly widened in Rotterdam by $14, in Singapore by $28, in Fujairah by $11 and in Houston by $1.
VLSFO Undercharge
– VLSFO segment: Both: Singapore and Fujairah returned to underprice zone and all four selected ports are underpriced at the moment. Undercharge ratio increased by $14 in Rotterdam, by $33 in Singapore, by $25 in Fujairah and by $9 in Houston.
MGO LS Undercharge
– MGO LS segment: In all four selected ports, MGO LS prices remained underpriced. The underpricing premium widened by $23 in Rotterdam, by $35 in Singapore, by $23 in Fujairah and by $15 in Houston.
We expect global bunker indices to stabilize on Oct.11 after positive turn a day ago: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 1-3 USD/MT, MGO LS – plus 3-9 USD/MT.
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Source- MABUX
