Bunker Global Open Directory News
2024-10-28MABUX: Global bunker indices to trend upward on Oct.28.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed no clear trend on Oct. 25, moving sideways:
380 HSFO - USD/MT - 538.98 (+0.29)
VLSFO - USD/MT – 613.75 (-0.37)
MGO - USD/MT – 765.17 (-0.63)
As of Oct.25, the MABUX MBP/DBP Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), observed the following trends in key ports – Rotterdam, Singapore, Fujairah, and Houston:
- HSFO segment: Three ports were in the overcharge zone, with premiums rising by $15 in Rotterdam, $2 in Singapore and $2 in Houston. Fujairah remained the only underpriced port, with the gap decreasing by $2.
- VLSFO segment: Singapore and Fujairah continued to be overpriced, with the overpricing margin widening further by $3 in Singapore and $5 in Fujairah. Rotterdam and Houston were underpriced, though the margin narrowing further by $8 and $3, respectively.
- MGO LS segment: All four selected ports remained undercharged. The underpricing gap decreased further by $4 in Rotterdam and $8 in Houston, while increaing by $10 in both Singapore and Fujairah. The MDI index in Singapore was close to the $100 mark.
We expect Global bunker market to show upward evolution on Oct.28: 380 HSFO – plus 3-7 USD/MT, VLSFO – plus 3-7 USD/MT, MGO LS – plus 3-6 USD/MT.
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