MABUX: Upward trend to continue in Global bunker market on August 21

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Credits: Venti Views/ Unsplash

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) demonstrated upward evolution on Aug. 18.

Upward Evolution:

380 HSFO – USD/MT – 564.23 (+6.47)
VLSFO – USD/MT – 666.76 (+3.02)
MGO – USD/MT – 961.19 (+12.56)

As of Aug. 18, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), recorded the following changes in four selected ports: Rotterdam, Singapore, Fujairah and Houston:

HSFO segment

Three selected ports: Rotterdam, Singapore and Houston – were overcharged. The overprice premium narrowed by $1 in Rotterdam, widened by $2 in Singapore and stayed unchanged in Houston. Fujairah remained the only underpriced port. The undercharge ratio increased by $1.

VLSFO segment: Houston moved back into the undercharge zone and joined Rotterdam. The underprice premium unchanged in Rotterdam but uncreased by $5 in Houston. Singapore and Fujairah were overcharged with the ratio unchanged in Singapore and decreased by $ 1 in Fujairah.

MGO LS segment: All four selected ports remained undercharged. The underprice margins continue widening by $4 in Rotterdam, $9 in Singapore, $9 in Fujairah and $12 in Houston.

We expect a sustainable upward trend to continue in Global bunker market on Aug.21: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 3-6 USD/MT, MGO LS – plus 5-15 USD/MT.

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Source: Mabux

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