MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) demonstrated sight downtrend on Aug. 23.
Rotterdam, Singapore, Fujairah and Houston
380 HSFO – USD/MT – 561.05 (-1.02)
VLSFO – USD/MT – 661.63 (-3.46)
MGO – USD/MT – 968.90 (-0.65)
As of Aug. 23, 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 – remained slightly overcharged. The overprice premium continued narrowing by $13 in Rotterdam, by $9 in Singapore but widening by $4 in Houston. Fujairah was the only underpriced port while the undercharge ratio decreased by $3.
VLSFO segment: Rotterdam and Fujairah have been joined by Singapore in the underpriced zone. Rotterdam’s underpricing increased by $5, Singapore’s by $4, but Fujairah’s decreased by $3. In contrast, Houston has moved into the overpriced territory, making it the only port with overcharging in this fuel segment. The overprice ratio rose by $6. Notably, Singapore, Fujairah, and Houston are nearing the MDI 100 percent correlation mark.
MGO LS segment: All four selected ports were undercharged. Rotterdam and Fujairah’s underprice margins narrowed by $1 each, while Singapore’s widened by $2 and Houston’s by a substantial $14.
We expect Global bunker indices to continue slight downward movement on Aug.24: 380 HSFO – minus 2-4 USD/MT, VLSFO – minus 2-5 USD/MT, MGO LS – minus 1-5 USD/MT.
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Source: Mabux
