Bunker Global Open Directory News
2023-11-15MABUX: Insignificant irregular changes to prevail again in Global bunker market on Nov.15.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued trending higher on Nov. 14:
380 HSFO - USD/MT - 536.71 (+3.79)
VLSFO - USD/MT – 675.56 (+8.49)
MGO - USD/MT – 926.86 (+11.86)
As of Nov. 14, the MABUX MBP/DBP Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has recorded the following trends in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
- HSFO segment: All four selected ports stayed in the undercharge zone, with the underprice premium expanding by $1 in Rotterdam and $12 in Fujairah, but narrowing by $4 in Singapore and $7 in Houston. There was not a firm trend of MDI index for this fuel type.
- VLSFO segment: Singapore and Fujairah were overcharged, with overprice margins increasing by $6 in Singapore and decreasing by $2 in Fujairah. Rotterdam and Houston remained in the underprice zone, observing a $3 increase in underprice premiums for both ports.
- MGO LS segment: All four ports continued to be undercharged. Rotterdam saw the underprice ratio rise by $12, Fujairah by $25, and Houston by $30. Conversely, Singapore experienced a decrease of $16. The MDI index in Singapore dropped below the $100 mark.
We do not expect any firm trend in Global bunker market on Nov. 15: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 1-3 USD/MT, MGO LS – plus-minus 1-5 USD/MT.
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