Bunker Global Open Directory News
2024-02-12MABUX: Global bunker indices to continue surging on Feb.12.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) continued sustained upward evolution for the fourth consecutive day as of Feb. 09:
380 HSFO - USD/MT - 517.05 (+5.06)
VLSFO - USD/MT – 671.60 (+6.03)
MGO - USD/MT – 919.45 (+9.32)
As of Feb.09, the MABUX MBP/DBP Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), revealed the following trends at four key ports: Rotterdam, Singapore, Fujairah, and Houston.
- HSFO segment: All four selected ports continued to be undercharged, with the underprice premium widening by $3 in Rotterdam, widening by $12 in Singapore, $10 in Fujairah and $5 in Houston. The MDI index in Fujairah remained above the $100 mark.
- VLSFO segment: Three selected ports were in the overcharged zone, with the overprice ratio increasing further by $11 in Singapore and $4 in Fujairah but decreasing by $11 in Houston. Rotterdam was the only undercharged port, with the underprice premium widening further by $10.
- MGO LS segment: Houston returned to the overprice zone, being the only overcharged port, with the premium rising by $9. The other three ports remained undercharged, with the underprice margins rising by $4 in Rotterdam, $24 in Singapore and $20 in Fujairah. The MDI index in all three ports exceeded the $100 mark.
We expect Global bunker indices to continue upward evolution on Feb. 12: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-5 USD/MT, MGO LS – plus 7-20 USD/MT.
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