Bunker Global Open Directory News2023-09-04
MABUX: Sustainable uptrend to continue in Global bunker market on Sep. 04.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) demonstrated a slight uptrend on Sep. 01:
380 HSFO - USD/MT - 570.31 (+4.11)
VLSFO - USD/MT – 668.73 (+5.40)
MGO - USD/MT – 992.19 (+2.75)
As of Sep. 01, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), registered the following changes in four selected ports: Rotterdam, Singapore, Fujairah and Houston:
- HSFO segment: Rotterdam and Houston remained overcharged, with the premium widening in Rotterdam by $4 and narrowing in Houston by $5. Singapore and Fujairah, on the contrary, were underpriced with Singapore's undercharge margin decreasing by $1 and Fujairah’s increasing by $7.
- VLSFO segment: Houston was the last port which transitioned into undercharge area: all four selected ports are underpriced now. The undercharge premium widened by $7 in Rotterdam, $4 in Singapore, $5 in Fujairah and $10 in Houston.
- MGO LS segment: All four selected ports were underpriced. The undervalue ratio increased by $6 in Rotterdam, by $1 in Fujairah and by $1 in Houston but decreased by $5 in Singapore.
We expect a sustainable uptrend to continue in Global bunker market on Sep. 04: 380 HSFO – plus 4-10 USD/MT, VLSFO – plus 4-12 USD/MT, MGO LS – plus 2-15 USD/MT.www.mabux.com