Lack Of Sustainable Trends In The Global Bunker Market

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO), continued upward evolution on Sep. 25:

380 HSFO – USD/MT – 586.31 (+2.60)

VLSFO – USD/MT – 694.14 (+1.37)

MGO – USD/MT – 1 031.45 (+4.80)

HSFO Pricing Shifts

As of Sep. 25, 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: All four selected ports remained in the underprice zone. The underprice premium slightly widened in Singapore and Fujairah while Rotterdam and Houston were close to MBP/MDP 100 percent correlation mark.

VLSFO Pricing Shifts

– VLSFO segment: MDI registered underpricing in all four selected ports. The undercharge premium increased in all ports: by $5 in Rotterdam, by $11 in Singapore, by $7 in Fujairah and by $4 in Houston.

MGO LS Pricing Shifts

– MGO LS segment: Houston remained the only overpriced port with the overcharge premium increasing by $10. The rest three ports were undervalued. The underprice ratio dropped surged by $6 in Rotterdam, by $6 in Singapore and by $41 in Fujairah.

We expect Global bunker indices to change sideways with no any firm trend on Sep. 26: 380 HSFO – plus – minus 1-3 USD/MT, VLSFO – plus-minus 1-3 USD/MT, MGO LS – minus 3-12 USD/MT.

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Source : MABUX

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