Bunker Global Open Directory News
2023-09-14MABUX: Global bunker indices to change irregular with no firm trend on Sep. 14.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO), continued trending upwards on Sep. 13:
380 HSFO - USD/MT - 585.58 (+3.87)
VLSFO - USD/MT – 688.69 (+5.57)
MGO - USD/MT – 1 029.63 (+2.75)
As of Sep. 13, 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 unchanged in Rotterdam and dropped by another $1 in Houston bringing the port closer to 100 percent correlation mark. In Singapore and Fujairah, MDI registered the underpricing with the ratio widening by $7 in Singapore and narrowing by $1 in Fujairah.
- VLSFO segment: MDI registered underpricing in all four selected ports. The undercharge premium increased by $5 in Rotterdam, by $6 in Fujairah and by $7 in Houston but remained unchanged in Singapore.
- MGO LS segment: All four selected ports remained in the underpriced area. The undervalue ratio dropped significantly: by 31 in Rotterdam, $42 in Singapore, $38 in Fujairah and by $8 in Houston.
We do not expect a firm trend in Global bunker market on Sep. 13: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 1-13 USD/MT, MGO LS – plus 5-18 USD/MT.
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