Bunker Global Open Directory News

2024-09-06

MABUX: No steady trend in Global bunker market on Sep.06.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued trending downward on Sep.05, marking the fourth consecutive day of decline:

380 HSFO - USD/MT - 502.08 (-5.00)

VLSFO - USD/MT – 613.20 (-3.49)

MGO - USD/MT – 759.14 (-7.16)

As of Sep.05, the MABUX MBP/DBP Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), reсorded the following trends across key ports – Rotterdam, Singapore, Fujairah, and Houston:

- HSFO segment: All four ports stayed in the undercharge zone. The underpricing margin narrowed further by $1 in Rotterdam, $2 in Singapore, and $8 in Fujairah, but widened by $1 in Houston.

- VLSFO segment: Rotterdam and Houston remained undercharged, with the premium declining further by $2 in Rotterdam, while rising by $3 in Houston. Singapore and Fujairah continued to be in the overcharge zone, with the overpricing margin rising further by $10 in Singapore and $13 in Fujairah.

- MGO LS segment: Houston shifted to the overcharge zone, becoming the only overpriced port, with the gap widening by $10. The other three selected ports remained undercharged. The underpricing ratio narrowed further by $3 in Rotterdam, $7 in Singapore, and $11 in Fujairah.

We do not expect a sustainable trend in the Global bunker market on Sep.06: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 1-3 USD/MT, MGO LS – plus-minus 1-3 USD/MT.

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