Lack Of Sustainable Trends In The Global Bunker Market

Credit: The Korea Economic Daily

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