Bunker Global Open Directory News2023-09-07
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.www.mabux.com