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Bunker Global Free Directory

Bunker Global Open Directory News

2024-10-18

MABUX: Global bunker market to shift to slight upward movement on Oct.18.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), did not have a sustainable trend and changed sideways on Oct.17:

380 HSFO - USD/MT - 529.01 (+1.62)

VLSFO - USD/MT – 608.30 (+1.34)

MGO - USD/MT – 760.55 (-0.84)

As of Oct.17, the MABUX MBP/DBP Index (MDI), tracking 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: Rotterdam remained the only overcharged port, with the premium dropping by $2. The other three ports were in the undercharge zone, with the underpricing margin decreasing by $3 in Singapore and Fujairah, and $1 in Houston.

- VLSFO segment: Two of the four ports: Singapore and Fujairah, were overpriced, with the ratio widening by $2 in Singapore but narrowing by $2 in Fujairah. Rotterdam and Houston stayed underpriced, with premiums declining further by $6 and $3, respectively.

- MGO LS segment: All four selected ports remained undercharged. The underprice margin fell by $10 in Rotterdam and $11 in Fujairah, while it rose by $1 in Singapore and $4 in Houston. The MDI for both Rotterdam and Singapore dropped below the $100 mark.

We expect Global bunker indices to shift to a slight upward trend on Oct.18: 380 HSFO – plus 0-2 USD/MT, VLSFO – plus 0-2 USD/MT, MGO LS – plus 1-4 USD/MT.

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