Irregular Changes Expected In The Global Bunker Market

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  • The MABUX MBP/DBP Index (MDI) tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP) at key ports: Rotterdam, Singapore, Fujairah, and Houston.
  • Irregular trends were observed, with expectations for 380 HSFO to increase by 2-5 USD/MT, VLSFO to increase by 3-7 USD/MT, and MGO LS to decrease by 5-12 USD/MT on February 19th.
  • MABUX World Bunker Index (WBI) showed a downward trend on February 16th for 380 HSFO, VLSFO, and MGO.
  • The MABUX MBP/DBP Index (MDI) monitors the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP) at key ports: Rotterdam, Singapore, Fujairah, and Houston.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO, and MGO) trended downwards on Feb. 16:

380 HSFO – USD/MT – 516.30 (-1.66)

VLSFO – USD/MT – 671.70 (-0.43)

MGO – USD/MT – 918.46 (-2.24)

HSFO Shifts

As of Feb.16, the MABUX MBP/DBP Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), registered the following trends at four key ports: Rotterdam, Singapore, Fujairah, and Houston.

– HSFO segment: All four selected ports remained undercharged, with the underprice premium widening by $12 in Rotterdam, $14 in Singapore, $11 in Fujairah and $1 in Houston. The MDI index in Fujairah stays above the $100 mark.

VLSFO Shifts

– VLSFO segment: Three selected ports were in the overcharged zone, with the overprice ratio decreasing by $6 in Singapore, $19 in Fujairah, and $11 in Houston. Rotterdam was the only undercharged port, with the underprice premium widening by $13.

MGO LS Shifts

– MGO LS segment: Houston stayed the only overcharged port, with the premium dropping by $7. The other three ports continued to be undercharged, with the underprice margins rising by $10 in Rotterdam, $11 in Singapore but dropping by $3 in Fujairah. The MDI index in Singapore is still above the $100 mark.

We do not expect a sustainable trend in the Global bunker market on Feb. 19: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 3-7 USD/MT, MGO LS – minus 5-12 USD/MT.

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Source: MABUX