MABUX says World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) changed irregular with no firm trend on Aug. 14:
- 380 HSFO – USD/MT – 572.88 (+0.76)
- VLSFO – USD/MT – 671.61 (+0.28)
- MGO – USD/MT – 950.02 (-2.00)
As of Aug. 14, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), recorded the following alterations in four selected ports: Rotterdam, Singapore, Fujairah and Houston:
HSFO segment
Three selected ports: Rotterdam, Singapore and Houston – remained overcharged. The overprice premium narrowed by $8 in Rotterdam and by $4 while in Singapore MDI was unchanged. Fujairah was the only underpriced port. The undercharge ratio increased by $4.
VLSFO segment: Singapore remained the only overcharged port in this segment of fuel. The overprice premium decreased by $4 moving closer to a 100 percent correlation mark. The rest three ports remained undercharged. The underprice ratio increased in Rotterdam by $5, in Fujairah by $3 and in Houston by $1.
MGO LS segment
All the ports are in the underprice zone. The undercharge ratio expanded by $1 in Rotterdam, $5 in Singapore, and $4 in Houston, yet it contracted in Fujairah by $15.
We do not expect Global bunker indices to shift into a downtrend on Aug.15: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 1-4 USD/MT, MGO LS – minus 3-9 USD/MT.
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Source: MABUX
