Bunker Global Open Directory News
2023-11-28MABUX: Slight downward trend to dominate in Global bunker market on Nov.28.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued trending downward on Nov. 27:
380 HSFO - USD/MT - 524.81 (-8.15)
VLSFO - USD/MT – 664.18 (-9.82)
MGO - USD/MT – 918.96 (-1.58)
As of Nov. 27, the MABUX MBP/DBP Index (MDI), which monitors 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 stayed in the undercharge zone. The underprice margins have expanded by $3 in Rotterdam and $6 in Singapore, while contracting by $2 in Fujairah and $3 in Houston. The undervalue level in Fujairah has consistently stayed above the $100 mark.
- VLSFO segment: Rotterdam and Houston remained undercharged, with a $4 increase in underprice premiums in Rotterdam and a $2 decrease in Houston. Singapore and Fujairah, however, were overcharged, with overprice margins decreasing by $42 in Singapore and $12 in Fujairah.
- MGO LS segment: All four ports continued to be undercharged, with the underprice ratio widening by $12 in Rotterdam, $15 in Singapore and $7 in Fujairah, but narrowing by $6 in Houston. Both Rotterdam and Singapore MDI indices have surpassed the $100 mark.
We expect Global bunker indices to continue downward trend on Nov.28: 380 HSFO – minus 1-3 USD/MT, VLSFO –minus 1-4 USD/MT, MGO LS –minis 1-10 USD/MT.
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