380 HSFO – USD/MT – 532.92 (+2.87)
VLSFO – USD/MT – 667.07 (+3.86)
MGO – USD/MT – 918.75 (+3.87)
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 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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