The MABUX World Bunker Index, which reflects the current pricing of 380 HSFO, VLSFO, and MGO, remained relatively stable with irregular movements on October 07.
380 HSFO – USD/MT – 565.25 (+2.93)
VLSFO – USD/MT – 663.58 (+5.85)
MGO – USD/MT – 970.61 (-5.43)
HSFO Pricing Shifts
As of Oct. 09, the MABUX MBP/DBP Index (MDI) (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 were underpriced with the undercharge premium slightly narrowing in Rotterdam by $8, in Singapore by $19 and in Fujairah by $2. MDI index in Houston remained unchanged.
VLSFO Pricing Shifts
– VLSFO segment: Fujairah has entered the overprice zone and joined Singapore. Overcharge ratio widened by $14 in Singapore and by $6 in Fujairah. The other two ports were undercharged, with the underprice margins decreasing by $17 in Rotterdam, and by $1 in Houston.
MGO LS Pricng Shifts
– MGO LS segment: In all four selected ports, MGO LS prices remained underpriced with no sustainable trend. The underpricing premium remained unchanged in Rotterdam, decreased by $25 in Singapore and $10 in Fujairah, while it increased by $5 in Houston.
We expect global bunker indices to head upwards in the global bunker market on Oct.10 as war premium returned to the market on Oct.09 after the weekend attack by Hamas on Israel:380 HSFO – plus 7-16 USD/MT, VLSFO – plus 8-18 USD/MT, MGO LS – plus 8-20 USD/MT.
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Source- MABUX
