International Bunker Indexes Expected To Shift To A Declining Trend


On November 15th, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, recorded a marginal uptick.

380 HSFO – USD/MT – 539.05 (+2.34)

VLSFO – USD/MT – 676.57 (+1.01)

MGO – USD/MT – 929.58 (+2.72)

HSFO Pricing Shifts

As of Nov. 15, the MABUX MBP/DBP Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has observed the following trends in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.

– HSFO segment: All four selected ports stayed in the undercharge zone, with the underprice premium narrowing by $3 in Rotterdam, $3 in Singapore, $5 and $9 in Houston. The undervalue level in Fujairah stays consistently above $100.

VLSFO Pricing Shifts

– VLSFO segment: Singapore and Fujairah remained overcharged, with overprice margins decreasing by $3 in Singapore and increasing by $3 in Fujairah. Rotterdam and Houston, on the other hand, were in the underprice zone, observing a $6 decrease in underprice premiums in Rotterdam and $1 decrease in Houston.

MGO LS Pricing Shifts

– MGO LS segment: All four ports continued to be undercharged, with the underprice ratio widening by $9 in Rotterdam, $13 in Singapore, $11 in Fujairah, and $4 in Houston. The MDI index in Rotterdam and Singapore exceeded the $100 mark again.

We expect Global bunker indices to shift to a downtrend on Nov. 16: 380 HSFO – minus 3-7 USD/MT, VLSFO – plus-minus 3-9 USD/MT, MGO LS – plus-minus 3-8 USD/MT.

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Source: MABUX


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