Bunker Global Open Directory News
2024-10-25MABUX: Global bunker indices to continue downward trend on Oct.25.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), turned to a slight downward movement on Oct.24:
380 HSFO - USD/MT - 538.69 (-0.70)
VLSFO - USD/MT – 614.12 (-0.99)
MGO - USD/MT – 765.80-4.02)
As of Oct.24, the MABUX MBP/DBP Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), revealed the following trends in key ports – Rotterdam, Singapore, Fujairah, and Houston:
- HSFO segment: Singapore moved to the overcharge zone, joining Rotterdam and Houston, with premiums rising by $5 in Rotterdam and $7 in Singapore, while dropping by $2 in Houston. Fujairah remained the only underpriced port, with the gap shrinking by $14.
- VLSFO segment: Singapore and Fujairah stayed overpriced, with margins widening by $15 in Singapore and $19 in Fujairah. Rotterdam and Houston were underpriced, though the ratio narrowing by $3 and $5, respectively.
- MGO LS segment: All four selected ports continued to be undercharged. The underpricing decreased by $8 in Rotterdam and $14 in Fujairah, while the MDI index for Singapore and Houston remained stable.
We expect Global bunker indices to continue trending downward on Oct.25: 380 HSFO –minus 1-3 USD/MT, VLSFO –minus 1-3 USD/MT, MGO LS – minus 2-4 USD/MT.
www.mabux.com