The Global bunker market on September 8th experienced irregular changes without a prevailing trend, as observed by MABUX, according to a LinkedIn news source.
MABUX World Bunker Index
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO), contrary to expectations, did not show any firm trend on Sep. 07 and changed irregular:
380 HSFO – USD/MT – 579.06 (+2.77)
VLSFO – USD/MT – 677.71 (-1.34)
MGO – USD/MT – 1 005.26 (-1.13)
As of Sep. 06, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), registered the following changes in four selected ports: Rotterdam, Singapore, Fujairah and Houston:
– HSFO segment: Rotterdam moved into the overprice zone and joined Houston. Overcharge premium widened by $7 In Rotterdam but narrowed by $3 in Houston. Singapore and Fujairah remained underpriced with the ratio decreased by $12 in Singapore and by $2 in Fujairah.
– VLSFO segment: MDI registered underpricing in all four selected ports. The undercharge premium increased by $7 and by $10 in Houston but decreased by $3 in Fujairah. In Singapore MDI index remained unchanged.
– MGO LS segment: All four selected ports were in the underpriced area. The undervalue ratio dropped by $16 in Rotterdam, $24 in Singapore, $27 in Fujairah and $1 in Houston.
We expect irregular changes to prevail in Global bunker market on Sep. 08: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 2-4 USD/MT, MGO LS – plus 3-9 USD/MT.
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Source: Linkedin
