Persistent Upward Trends Expected In Global Bunker Indices

Credit: The Korea Economic Daily

On September 4th, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, persisted in its subtle upward trajectory.

380 HSFO – USD/MT – 571.74 (+1.43)

VLSFO – USD/MT – 673.54 (+4.81)

MGO – USD/MT – 991.95 (+3.33)

HSFO Pricing Shifts

As of Sep. 04, 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: Rotterdam and Houston remained in the overcharge zone, with the premium narrowing in Rotterdam by $6 and in Houston by $14. Singapore and Fujairah, on the contrary, remained underpriced with Singapore’s undercharge margin increasing by $12 and Fujairah’s by $12.

VLSFO Pricing Shifts

– VLSFO segment: All four selected ports were underpriced. The undercharge premium widened by $2 in Rotterdam, $12 in Singapore, $7 in Fujairah and $12 in Houston.

MGO LS Pricing Shifts

– MGO LS segment: All four selected ports were in the underpriced area. The undervalue ratio increased by $11 in Rotterdam, $24 in Singapore, $20 in Fujairah but decreased by $2 in Houston.

We expect Global bunker indices to continue trending upwards on Sep. 05: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus 3-8 USD/MT.\


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Source :  MABUX


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