Bunker Global Open Directory News
2024-10-17MABUX: Global bunker indices to continue slight downward trend on Oct.17.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued its downward trend on Oct.16 for the third consecutive day:
380 HSFO - USD/MT - 527.39 (-8.72)
VLSFO - USD/MT – 606.96 (-7.68)
MGO - USD/MT – 761.39 (-12.04)
As of Oct.16, the MABUX MBP/DBP Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), indicated the following trends across key ports – Rotterdam, Singapore, Fujairah, and Houston:
- HSFO segment: Rotterdam continued to be the only overcharged port, with the premium rising by $6. The other three ports were undercharged. The underpricing margin dropped by $19 in Singapore, $7 in Fujairah, and $19 in Houston.
- VLSFO segment: Singapore and Fujairah returned to the overprice zone, with the ratio widening by $24 in Singapore and $18 in Fujairah. Rotterdam and Houston stayed underpriced, with premiums declining by $17 and $14, respectively.
- MGO LS segment: All four selected ports remained undercharged. The underprice margin further decreased by $5 in Rotterdam, $29 in Singapore, $31 in Fujairah, and $20 in Houston. Rotterdam's MDI approached the $100 mark, while Singapore's dropped below it.
We expect Global bunker indices to maintain a slight downward trend on Oct.17: 380 HSFO – minus 0-2 USD/MT, VLSFO – minus 0-2 USD/MT, MGO LS – minus 1-3 USD/MT.
www.mabux.com