On November 20, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, experienced a renewed upward trajectory.
380 HSFO – USD/MT – 539.05 (+8.78)
VLSFO – USD/MT – 669.75 (+10.30)
MGO – USD/MT – 919.76 (+6.89)
HSFO Undercharge
As of Nov. 20, the MABUX MBP/DBP Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has observed the following trends in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: Houston has reentered the undercharge zone, joining the other three selected ports. Underprice margins widened by $4 in Rotterdam, $10 in Singapore, and $7 in Houston, but narrowed by $1 in Fujairah. The undervalue level in Fujairah remains close to the $100 mark.
VLSFO Undercharge
– VLSFO segment: Rotterdam and Houston remained in the undercharge zone, observing a $12 increase in underprice premiums in Rotterdam and a $14 increase in Houston. Singapore and Fujairah were overcharged, with overprice margins decreasing by $1 in Singapore and $17 in Fujairah.
MGO LS Undercharge
– MGO LS segment: All four ports continue to be undercharged, with the underprice ratio widening by $1 in Rotterdam, $8 in Singapore, $11 in Fujairah, and $5 in Houston. The MDI index in Singapore has once again reached the $100 mark.
We expect Global bunker indices to continue the upward evolution on Nov. 21: 380 HSFO – plus 3-7 USD/MT, VLSFO –plus 4-8 USD/MT, MGO LS – plus 7-15 USD/MT.
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Source: MABUX
