Global Bunker Indices Display Erratic Trends

Credit: The Korea Economic Daily

The MABUX World Bunker Index, which is calculated based on the current prices of 380 HSFO, VLSFO, and MGO, saw a renewed upward trend starting on September 12th.

380 HSFO – USD/MT – 581.71 (+1.78)

VLSFO – USD/MT – 683.12 (+1.82)

MGO – USD/MT – 1 026.88 (+10.20)

HSFO Pricing Shifts

As of Sep. 12, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), registered the following changes in four selected ports: Rotterdam, Singapore, Fujairah and Houston:

– HSFO segment: Rotterdam and Houston were overpriced with the overcharge premium widened by another $3 in Rotterdam and by $4 in Houston. In Singapore and Fujairah, MDI registered the underpricing with the ratio unchanged in both ports.

VLSFO Pricing Shifts

– VLSFO segment: MDI registered underpricing in all four selected ports. The undercharge premium unchanged in Rotterdam and Singapore, but decreased by $2 in Fujairah and by $12 in Houston.

MGO LS Pricing Shifts

– MGO LS segment: All four selected ports remained in the underpriced area. The undervalue ratio widened further by $8 in Rotterdam, $14 in Singapore, $22 in Fujairah, but narrowed by $10 in Houston.

We do not expect a firm trend in Global bunker market on Sep. 13: 380 HSFO – plus 3-8 USD/MT, VLSFO – plus 4-10 USD/MT, MGO LS – minus 5-15 USD/MT.


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Source: MABUX


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