Bunker Global Open Directory News
2024-09-23MABUX: Global bunker indices to trend downward on Sep.23.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed a slight upward trend on Sep.20:
380 HSFO - USD/MT - 508.63 (+6.08)
VLSFO - USD/MT – 604.46 (+5.36)
MGO - USD/MT – 753.82 (+3.56)
As of Sep.20, the MABUX MBP/DBP Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), registered the following trends across key ports – Rotterdam, Singapore, Fujairah, and Houston:
- HSFO segment: All four ports were in the undercharge zone. The underpricing margin widened by $1 in both Rotterdam and Fujairah, while narrowed by $10 in Singapore. The MDI index in Houston remained unchanged.
- VLSFO segment: Rotterdam and Houston continued to be undercharged, with the premium rising by $4 in both Rotterdam and Houston. Singapore and Fujairah remained overpriced, with the gap increasing by $2 in Singapore but decreasing by $5 in Fujairah.
- MGO LS segment: All four selected ports stayed in the underprice zone. The undercharge ratio increased by $6 in both Rotterdam and Singapore, and by $4 in Fujairah. The MDI index in Houston remained unchanged, while in Rotterdam and Singapore it was stably above the $100 mark.
We expect a slight downward trend will dominate in the Global bunker market on Sep.23: 380 HSFO – minus 2-4 USD/MT, VLSFO – minus 2-5 USD/MT, MGO LS – minus 1-3 USD/MT.
www.mabux.com