On Sep. 07, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, defied expectations by exhibiting erratic fluctuations instead of a clear trend.
380 HSFO – USD/MT – 579.06 (+2.77)
VLSFO – USD/MT – 677.71 (-1.34)
MGO – USD/MT – 1 005.26 (-1.13)
HSFO Overcharge
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 Market Update
– 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 Market Update
– 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: MABUX
