On October 19, the MABUX World Bunker Index, which reflects current prices for 380 HSFO, VLSFO, and MGO, concluded the trading day without a discernible sustained trend.
380 HSFO – USD/MT – 574.02 (+0.58)
VLSFO – USD/MT – 684.76 (+3.18)
MGO – USD/MT – 994.81 (-3.67)
HSFO Highlights Bunker Price
As of Oct. 19, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), registered the underpricing in all fuel segments in all four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: The undercharge premium slightly widened in all selected ports: by $7 in Rotterdam, $17 in Singapore, $11 in Fujairah and $5 in Houston.
VLSFO Highlights Bunker Price
– VLSFO segment: Singapore returned to the underprice zone. Thus, all four selected ports were undercharged while undervalue margins increased by $7 in Rotterdam, $15 in Singapore, $11 in Fujairah and $7 in Houston. Fujairah is close to MDI’s 100 percent correlation mark.
MGO LS Highlights Bunker Price
– MGO LS segment: The undercharge premium rose in all four selected ports: $7 in Rotterdam, $22 in Singapore, $7 in Fujairah and $3 in Houston.
We do not expect a firm trend in the Global bunker market on Oct.20: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 3-6 USD/MT, MGO LS – plus-minus 2-6 USD/MT.
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Source: MABUX
