Bunker Global Open Directory News
2023-11-21MABUX: Global bunker indices to keep trending higher on Nov. 21.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) resumed upward evolution on Nov. 20:
380 HSFO - USD/MT - 539.05 (+8.78)
VLSFO - USD/MT – 669.75 (+10.30)
MGO - USD/MT – 919.76 (+6.89)
As of Nov. 20, the MABUX MBP/DBP Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has observed the following trends in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
- HSFO segment: Houston has reentered the undercharge zone, joining the other three selected ports. Underprice margins widened by $4 in Rotterdam, $10 in Singapore and $7 in Houston, but narrowed by $1 in Fujairah. The undervalue level in Fujairah remains close to the $100 mark.
- VLSFO segment: Rotterdam and Houston remained in the undercharge zone, observing a $12 increase in underprice premiums in Rotterdam and a $14 increase in Houston. Singapore and Fujairah were overcharged, with overprice margins decreasing by $1 in Singapore and $17 in Fujairah.
- MGO LS segment: All four ports continue to be undercharged, with the underprice ratio widening by $1 in Rotterdam, $8 in Singapore, $11 in Fujairah and $5 in Houston. The MDI index in Singapore has once again reached the $100 mark.
We expect Global bunker indices to continue the upward evolution on Nov. 21: 380 HSFO – plus 3-7 USD/MT, VLSFO –plus 4-8 USD/MT, MGO LS – plus 7-15 USD/MT.
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