Bunker Global Open Directory News2023-09-12
MABUX: Global bunker market to continue trending upwards on Sep. 12.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO), resumed uptrend on Sep. 11:
380 HSFO - USD/MT - 579.93 (+2.79)
VLSFO - USD/MT – 681.30 (+4.03)
MGO - USD/MT – 1 016.68 (+4.89)
As of Sep. 08, 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 overpriced with the overcharge premium widened by $5 in Rotterdam and by $6 in Houston. In Singapore and Fujairah, MDI registered the underpricing with the ratio increased by $11 in Singapore and by $10 in Fujairah.
- VLSFO segment: MDI registered underpricing in all four selected ports. The undercharge premium decreased by $5 in Rotterdam and by $2 in Singapore, increased by $8 in Fujairah and remain unchanged in Houston.
- MGO LS segment: All four selected ports were in the underpriced area. The undervalue ratio widened significantly: by $32 in Rotterdam, $31 in Singapore, $43 in Fujairah and $8 in Houston.
We expect Global bunker market to continue slight uptrend on Sep. 12: 380 HSFO – plus 0-3 USD/MT, VLSFO – plus 0-3 USD/MT, MGO LS – plus 5-10 USD/MT.www.mabux.com