On November 8th, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, sustained a persistent downward trend.
380 HSFO – USD/MT – 530.36 (-8.59)
VLSFO – USD/MT – 668.41 (-11.18)
MGO – USD/MT – 932.96 (-17.90)
HSFO Undercharging
As of Nov. 08, the MABUX MBP/DBP Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has recorded the following trends in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: All four selected ports were undercharged, with the underprice premium narrowing by $1 in Rotterdam, $2 in Singapore, $10 in Fujairah and $2 in Houston.
VLSFO Undercharging
– VLSFO segment: Singapore and Fujairah were overcharged, with overprice margins increasing further by $17 in Singapore and $15 in Fujairah. Rotterdam and Houston remained in the underprice zone, with the undercharge premium widening by $1 in Rotterdam but narrowing by $2 in Houston.
MGO LS Undercharging
– MGO LS segment: There is still an underpricing trend in all four selected ports. The undercharge ratio rose by $4 in Singapore and declined by $14 in Fujairah and $22 in Houston. The MDI index in Rotterdam remained unchanged.
We expect a firm downward trend to continue in Global bunker market on Nov. 09: 380 HSFO – minus 5-10 USD/MT, VLSFO – minus 5-12 USD/MT, MGO LS – minus 8-15 USD/MT.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: MABUX
