MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO), continued sharp downtrend on Oct. 06 – the fourth day in a row:
- 380 HSFO – USD/MT – 562.32 (-5.81)
- VLSFO – USD/MT – 657.73 (-6.82)
- MGO – USD/MT – 976.04 (-18.35)
As of Oct. 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 trends in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: All four selected ports were underpriced with the undercharge premium slightly widening in Rotterdam: plus $4, but narrowing in Singapore (minus $7), Fujairah (minus $8) and Houston (minus$6).
– VLSFO segment: Singapore has entered the overprice zone for the first time since August 30, 2023, with an increase of $17. The other three ports continued to undercharge VLSFO prices, with the underprice ratio decreasing by $2 in Rotterdam, $8 in Fujairah and $1 in Houston. Fujairah is now just 5 points away from reaching a 100 percent MBP/DBP correlation.
– MGO LS segment: In all four selected ports, MGO LS prices remained significantly underpriced. The underpricing premium decreased by $21 in Rotterdam, $35 in Singapore, and $23 in Fujairah but increased by $12 in Houston.
We do not expect a sustainable trend in Global bunker market on Oct. 09: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus-minus 1-10 USD/MT.
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Source: LinkedIn
