Bunker Global Open Directory News
2023-09-13MABUX: Global bunker indices to change irregular with no firm trend on Sep. 13.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO), resumed uptrend on Sep. 12:
380 HSFO - USD/MT - 581.71 (+1.78)
VLSFO - USD/MT – 683.12 (+1.82)
MGO - USD/MT – 1 026.88 (+10.20)
As of Sep. 12, 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 were overpriced with the overcharge premium widened by another $3 in Rotterdam and by $4 in Houston. In Singapore and Fujairah, MDI registered the underpricing with the ratio unchanged in both ports.
- VLSFO segment: MDI registered underpricing in all four selected ports. The undercharge premium unchanged in Rotterdam and Singapore, but decreased by $2 in Fujairah and by $12 in Houston.
- MGO LS segment: All four selected ports remained in the underpriced area. The undervalue ratio widened further by $8 in Rotterdam, $14 in Singapore, $22 in Fujairah, but narrowed by $10 in Houston.
We do not expect a firm trend in Global bunker market on Sep. 13: 380 HSFO – plus 3-8 USD/MT, VLSFO – plus 4-10 USD/MT, MGO LS – minus 5-15 USD/MT.
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