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Bunker Global Free Directory

Bunker Global Open Directory News

2023-09-07

MABUX: Uptrend stopped while Global bunker market awaits new direction.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) showed a sustainable uptrend on Sep. 06:

380 HSFO - USD/MT - 576.29 (+4.58)

VLSFO - USD/MT – 679.05 (+5.73)

MGO - USD/MT – 1 006.39 (+9.12)

As of Sep. 06, 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: Three ports: Rotterdam, Singapore and Fujairah were in the underprice area with the premium widening by $3 in Rotterdam and by $3 in Fujairah, but narrowing by $5 in Singapore. Houston remained the only overcharged port with the overcharge ratio narrowing by $1.

- VLSFO segment: MDI registered underpricing in all four selected ports. The undercharge premium increased by $5 in Rotterdam, $5 in Singapore and $6 in Fujairah. In Houston, MDI remained unchanged.

- MGO LS segment: All four selected ports were in the underpriced area. The undervalue ratio continued growing by $19 in Rotterdam, $20 in Singapore, 21 in Fujairah and $18 in Houston.

We do not expect a firm trend in Global bunker market on Sep. 07: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 2-6 USD/MT, MGO LS – minus 5-15 USD/MT.

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