Bunker Global Open Directory News
2023-11-27MABUX: No firm trend expected in Global bunker market on Nov.27.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued downward trend on Nov. 24:
380 HSFO - USD/MT - 532.96 (-1.24)
VLSFO - USD/MT – 674.00 (-2.83)
MGO - USD/MT – 920.54 (-2.53)
As of Nov. 24, the MABUX MBP/DBP Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has identified the following trends in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
- HSFO segment: All four selected ports remained in the undercharge zone. The underprice margins have widened by $5 in Rotterdam and $9 in Fujairah, while narrowing by $1 in Singapore and $2 in Houston. The undervalue level in Fujairah has once again surpassed the $100 mark.
- VLSFO segment: Rotterdam and Houston remained undercharged, with a $4 decrease in underprice premiums in Rotterdam and a $13 decrease in Houston. Singapore and Fujairah, however, are overcharged, with overprice margins decreasing by $2 in Singapore and $18 in Fujairah.
- MGO LS segment: All four ports continue to be undercharged, with the underprice ratio widening by $7 in Rotterdam, 13 in Singapore and $24 in Fujairah, but narrowing by $3 in Houston. The MDI index in Singapore has once again exceeded the $100 mark.
We do not expect a clear trend in the market on Nov.27. The price indexes to change irregularly: 380 HSFO – minus 2-5 USD/MT, VLSFO –minus 3-6 USD/MT, MGO LS – plus-minis 5-10 USD/MT.
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