On November 24, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, sustained its decline.
380 HSFO – USD/MT – 532.96 (-1.24)
VLSFO – USD/MT – 674.00 (-2.83)
MGO – USD/MT – 920.54 (-2.53)
HSFO Pricing Shifts
As of Nov. 24, the MABUX MBP/DBP Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has identified the following trends in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: All four selected ports remained in the undercharge zone. The underprice margins have widened by $5 in Rotterdam and $9 in Fujairah, while narrowing by $1 in Singapore and $2 in Houston. The undervalue level in Fujairah has once again surpassed the $100 mark.
VLSFO Pricing Shifts
– VLSFO segment: Rotterdam and Houston remained undercharged, with a $4 decrease in underprice premiums in Rotterdam and a $13 decrease in Houston. Singapore and Fujairah, however, are overcharged, with overprice margins decreasing by $2 in Singapore and $18 in Fujairah.
MGO LS Pricing Shifts
– MGO LS segment: All four ports continue to be undercharged, with the underprice ratio widening by $7 in Rotterdam, 13 in Singapore and $24 in Fujairah, but narrowing by $3 in Houston. The MDI index in Singapore has once again exceeded the $100 mark.
We do not expect a clear trend in the market on Nov.27. The price indexes to change irregularly: 380 HSFO – minus 2-5 USD/MT, VLSFO –minus 3-6 USD/MT, MGO LS – plus-minis 5-10 USD/MT.
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Source: MABUX
