On November 1, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, lacked a stable trajectory.
380 HSFO – USD/MT – 538.33 (+4.31)
VLSFO – USD/MT – 680.74 (+8.59)
MGO – USD/MT – 952.61 (-1.03)
HSFO Trends
As of Nov. 01, the MABUX MBP/DBP Index (MDI), which tracks 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 selected ports were undercharged, with the undercharge premium further narrowing by $5 in Rotterdam, $5 in Singapore and $13 in Houston but widening by $7 in Fujairah. Fujairah’s undervalue ratio is still above the $100 mark.
VLSFO Trends
– VLSFO segment: Singapore and Fujairah are in the overcharge zone, with overprice margins increasing by $21 in Singapore and $12 in Fujairah. The other two ports: Rotterdam and Houston – remained undercharged. The underprice premium unchanged in Rotterdam but decreased by $9 in Houston.
MGO LS Trends
– MGO LS segment: All four selected ports were underpriced. The undercharge ratio rose by $20 in Rotterdam, $22 in Singapore and $15 in Fujairah but dropped by $12 in Houston.
We do not expect a firm trend in the Global bunker market on Nov. 02: 380 HSFO – minus 2-10 USD/MT, VLSFO – minus 3-2 USD/MT, MGO LS – plus 4-10 USD/MT.
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Source: MABUX
