Bunker Global Open Directory News2023-09-15
MABUX: Global bunker indices end the week with a consistent upward trend.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO), continued a sustainable upward evolution on Sep. 14:
380 HSFO - USD/MT - 590.40 (+4.82)
VLSFO - USD/MT – 694.83 (+6.14)
MGO - USD/MT – 1 037.92 (+8.29)
As of Sep. 15, 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 in Rotterdam by $9 and in Houston by $7. In Singapore and Fujairah, MDI registered the underpricing with the ratio narrowing by $7 in Singapore and by $3 in Fujairah.
- VLSFO segment: MDI registered underpricing in all four selected ports. The undercharge premium decreased in all ports: by $5 in Rotterdam, by $11 in Singapore, by $7 in Fujairah and by $4 in Houston.
- MGO LS segment: All four selected ports remained in the underpriced area. The undervalue ratio dropped further by $6 in Rotterdam but surged by $6 in Singapore, $4 in Fujairah and by $18 in Houston.
We expect a sustainable upward trend to continue in Global bunker market on Sep. 15: 380 HSFO – plus 3-8 USD/MT, VLSFO – plus 3-10 USD/MT, MGO LS – plus 5-15 USD/MT.www.mabux.com