On September 29, the MABUX World Bunker Index, which calculates current prices for 380 HSFO, VLSFO, and MGO, showed minimal and irregular fluctuations.
380 HSFO – USD/MT – 608.05 (-0.09)
VLSFO – USD/MT – 697.87 (-2.14)
MGO – USD/MT – 1 042.67 (+3.31)
HSFO Underpriced
As of Sep. 29, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), continued registering the underpricing in all bunker fuel segments in four selected ports: Rotterdam, Singapore, Fujairah and Houston.
– HSFO segment: The underprice premium narrowed by $18 in Rotterdam, $9 in Fujairah and $7 in Houston while widened by $3 in Singapore.
VLSFO Underpriced
– VLSFO segment: The undercharge ratio started narrowing by $8 in Singapore, by $6 in Fujairah and by $7 in Houston. In Rotterdam the MDI index remained unchanged.
MGO LS Underpriced
– MGO LS segment: The underprice margins increased in Rotterdam by $8, in Singapore by $17 and in Fujairah by $20 but decreased in Houston by $9. The undervaluation levels in this bunker fuel segment continued to remain notably high.
We expect Global bunker indices do not have a firm trend on Oct. 02 and will change irregular: 380 HSFO – minus 1-4 USD/MT, VLSFO – minus 1-5 USD/MT, MGO LS – plus – minus 3-5 USD/MT.
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Source : MABUX
