On October 27, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, showed a minor dip.
380 HSFO – USD/MT – 556.42 (-4.73)
VLSFO – USD/MT – 670.04 (-2.61)
MGO – USD/MT – 981.14 (-0.91)
HSFO Overcharge
As of Oct. 27, the MABUX MBP/DBP Index (MDI), which tracks 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 remained undercharged. The undercharge premium has narrowed by $3 in Rotterdam, $12 in Singapore, $11 in Fujairah, and $8 in Houston. Fujairah’s undervalue ratio is still above the $100 mark.
VLSFO Overcharge
– VLSFO segment: Singapore has returned to the overcharge zone, with the overpricing premium increasing by $20. The other three selected ports remained underpriced, with margins decreasing by $5 in Rotterdam, $17 in Fujairah and $10 in Houston. In Fujairah, the MDI index maintains a close correlation of nearly 100 percent between market price and the digital benchmark.
MGO LS Overcharge
– MGO LS segment: Underpricing continues to dominate the fuel segment. The undercharge ratio rose by $9 in Rotterdam, $4 in Fujairah and $9 in Houston, but dropped by $2 in Singapore.
We expect irregular changes of indexes to prevail in the Global bunker market on Oct. 30: 380 HSFO – plus 5-12 USD/MT, VLSFO – plus 5-14 USD/MT, MGO LS –plus-minus 2-8 USD/MT.
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Source: MABUX
