Global Bunker Market’s Next Move

Credit: MOL

On September 26, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, showed a marginal decline.

380 HSFO – USD/MT – 584.48 (-1.83)

VLSFO – USD/MT – 689.82 (-4.32)

MGO – USD/MT – 1 018.27 (-9.97)

Bunker Fuel Underpricing Revealed

As of Sep. 26, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), registered the underpricing in all bunker fuel segments in four selected ports: Rotterdam, Singapore, Fujairah and Houston:

– HSFO segment: The underprice premium widened by $3 in Rotterdam, $5 in Singapore and $7 in Houston while in Fujairah MDI index remained unchanged.

VLSFO Segment Widening

– VLSFO segment: The undercharge ratio increased in all ports: by $2 in Rotterdam, by $5 in Singapore, by $4 in Fujairah and by $7 in Houston.

MGO LS Segment Widening

– MGO LS segment: The underprice ratio surged by $11 in Singapore and by $10 in Houston. In Rotterdam and in Fujairah MBP/DBP Index remained unchanged.

We expect Global bunker indices to change irregular on Sep. 27: 380 HSFO – plus 2-4 USD/MT, VLSFO – plus 2-5 USD/MT, MGO LS – minus 3-8 USD/MT.


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Source: MABUX