On September 28, the MABUX World Bunker Index, which is based on the prevailing prices of 380 HSFO, VLSFO, and MGO, showed a consistent upward trend.
380 HSFO – USD/MT – 608.14 (+22.40)
VLSFO – USD/MT – 700.01 (+4.65)
MGO – USD/MT – 1 039.36 (+22.56)
HSFO Overcharge
As of Sep. 28, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), registered the underpricing in all bunker fuel segments in four selected ports: Rotterdam, Singapore, Fujairah and Houston. Thus, the global market is underpriced.
– HSFO segment: The underprice premium continued to widen by $14 in Rotterdam, $5 in Singapore, and $15 in Houston while narrowed by $1 in Fujairah.
VLSFO Overcharge
– VLSFO segment: The undercharge ratio continued growing by $8 in Rotterdam, by $18 in Singapore, by $7 in Fujairah and by $17 in Houston.
MGO LS Overcharge
– MGO LS segment: The underprice margins increased in all selected ports: by $2 in Rotterdam, by $5 in Singapore, by $11 in Fujairah and by $23 in Houston.
We expect Global bunker indices to stabilize after a positive turn a day ago: 380 HSFO – minus 3-8 USD/MT, VLSFO – minus 3-10 USD/MT, MGO LS – plus 1-15 USD/MT.
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Source: MABUX
