Global Bunker Indices Are Expected To Maintain An Upward Trend


On November 13, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, experienced an increase.

380 HSFO – USD/MT – 532.92 (+2.87)

VLSFO – USD/MT – 667.07 (+3.86)

MGO – USD/MT – 918.75 (+3.87)

HSFO Overpriced

As of Nov. 13, the MABUX MBP/DBP Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has recorded the following trends in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.

– HSFO segment: All four selected ports remained undercharged, with the underprice premium expanding by $7 in Rotterdam, $4 in Singapore and $3 in Houston, but narrowing by $2 in Fujairah.

VLSFO Overpriced

– VLSFO segment: Singapore and Fujairah remained overcharged, with overprice margins decreasing by $13 in Singapore and $1 in Fujairah. Rotterdam and Houston were in the underprice zone, with the underprice premium increasing by $3 in Rotterdam and $5 in Houston.

MGO LS Overpriced

– MGO LS segment: Underpricing dynamics continued in all four ports. The undercharge ratio dropped further by $21 in Rotterdam, $15 in Singapore, $35 in Fujairah, and $8 in Houston. Fujairah is close to a 100-percent correlation mark between market price and digital benchmark.

We do Global bunker indices to head upwards on Nov. 14: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 3-6 USD/MT, MGO LS – plus 5-15 USD/MT.

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Source: MABUX


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