The MABUX World Bunker Index, which is based on current prices for 380 HSFO, VLSFO, and MGO, showed minimal and erratic fluctuations on October 2nd.
380 HSFO – USD/MT – 602.01 (-6.04)
VLSFO – USD/MT – 696.68 (-1.19)
MGO – USD/MT – 1 044.54 (+1.87)
HSFO Pricing Shifts
As of Oct. 02, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), continued to indicate underpricing in all bunker fuel segments in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: The underprice premium widened slightly in all four ports: by $8 in Rotterdam, $24 in Singapore, $15 in Fujairah and $1 in Houston.
VLSFO Pricing Shifts
– VLSFO segment: The undercharge ratio continued narrowing by $3 in Rotterdam, $4 in Singapore, $6 in Fujairah and by $5 in Houston.
MGO LS Pricing Shifts
– MGO LS segment: The underprice margins increased in Rotterdam by $10 and by $3 in Fujairah but decreased in Singapore by $3. The MDI index in Houston remained unchanged.
We expect Global bunker indices to revert to downtrend on Oct. 03: 380 HSFO – minus 4-10 USD/MT, VLSFO – minus 5-12 USD/MT, MGO LS – minus 5-15 USD/MT.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe
Source: MABUX
