MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO), continued sharp declining on Oct. 05 amid high volatility in the market:
380 HSFO – USD/MT – 568.13 (-13.56)
VLSFO – USD/MT – 664.55 (-14.87)
MGO – USD/MT – 994.39 (-22.12)
HSFO Overcharge
As of Oct. 05, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), registered underpricing in all bunker fuel segments in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: The underprice premium narrowed by $13 in Rotterdam, $14 in Fujairah and $2 in Houston, but widened by $3 in Singapore.
VLSFO Overcharge
– VLSFO segment: The undercharge ratio decreased by $14 in Rotterdam, $12 in Fujairah and $5 in Houston. MDI in Singapore remained unchanged. Fujairah is now just 6 points away from reaching a 100 percent MBP/DBP correlation.
MGO LS Overcharge
– MGO LS segment: The underpricing dynamics still did not show a consistent trend, increasing in Rotterdam by $8 and in Singapore by $24, but decreasing in Fujairah by $2 and in Houston by $15.
We expect a firm downtrend to continue in Global bunker market on Oct. 06: 380 HSFO – minus 5-10 USD/MT, VLSFO – minus 5-15 USD/MT, MGO LS – minus 10-35 USD/MT.
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Source: MABUX
