On October 16, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, maintained a steady upward trajectory.
380 HSFO – USD/MT – 568.73 (+6.81)
VLSFO – USD/MT – 681.61 (+8.07)
MGO – USD/MT – 1 004.08 (+17.81)
HSFO Overcharge
As of Oct. 16, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), registered the following trends in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: All four ports were undercharged. The undercharge premium widened by $14 in Rotterdam, $14 in Singapore, $19 in Fujairah and $16 in Houston.
VLSFO Overcharge
– VLSFO segment: Only Singapore remained overcharged with overcharge premium narrowing by $26. Fujairah moved back to underprice zone and joined Rotterdam and Houston with the undercharge premium increasing by $17 in Rotterdam, $10 in Fujairah and $20 in Houston.
MGO LS Overcharge
– MGO LS segment: All four selected ports remained underpriced. The margins increased by $13 in Rotterdam, $29 in Singapore, $17 in Fujairah and $21 in Houston.
We expect Global bunker indices to lose forward momentum and to shift towards downtrend on Oct.17: 380 HSFO – minus 2-5 USD/MT, VLSFO – minus 3-7 USD/MT, MGO LS – minus 1-15 USD/MT.
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Source: MABUX
