Bunker Global Open Directory News
2024-09-03MABUX: Global bunker indices to move sideways on Sep.03.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), turned to a slight downward correction on Sep.02:
380 HSFO - USD/MT - 521.05 (-4.66)
VLSFO - USD/MT – 627.35 (-6.54)
MGO - USD/MT – 781.12 (-6.00)
As of Sep.02, the MABUX MBP/DBP Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), observed the following trends across key ports – Rotterdam, Singapore, Fujairah, and Houston:
- HSFO segment: All four ports remained undercharged. The underpricing premiums increased by $4 in Rotterdam, $7 in Fujairah, and $9 in Houston, but decreased by $7 in Singapore.
- VLSFO segment: Rotterdam and Houston stayed in the undercharge zone, with margins widening by $1 in Rotterdam, while narrowing by $12 in Houston. Singapore and Fujairah were overpriced, with premiums widening by $2 in Singapore and $3 in Fujairah.
- MGO LS segment: All four selected ports continued to be undercharged. The underpricing gap narrowed by $1 in Rotterdam and $3 in Fujairah, but widened by $8 in Singapore and $2 in Houston. The MDI indices in both Rotterdam and Singapore stayed above the $100 mark.
We do not expect Global bunker indices to have a sustainable trend on Sep.03: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 2-4 USD/MT, MGO LS – plus-minus 1-3 USD/MT.
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