Bunker Global Open Directory News
2024-10-31MABUX: Global bunker market to show upward evolution on Oct.31.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued downward movement on Oct. 30 for the fifth consecutive day:
380 HSFO - USD/MT - 529.02 (-0.54)
VLSFO - USD/MT – 596.90 (-1.50)
MGO - USD/MT – 750.13 (-1.72)
As of Oct.30, the MABUX MBP/DBP Index (MDI), which tracks 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: Three ports: Rotterdam, Singapore and Houston, stayed in the overcharge zone, with overprice premiums rising by $5 in Singapore and $1 in Houston. Fujairah was the only undervalued port. The MDI indexes in both Rotterdam and Fujairah remained unchanged.
- VLSFO segment: Rotterdam and Houston continued to be undercharged, with margins increasing by $6 and $1, respectively. Singapore and Fujairah were two overvalued ports, with the gap widening further by $6 in Singapore and $1 in Fujairah.
- MGO LS segment: All four selected ports remained undercharged. The underpricing rates decreased further by $6 in Rotterdam, $12 in Singapore, $10 in Fujairah, and $1 in Houston.
We expect Global bunker indices to trend upward on Oct.31: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 2-6 USD/MT, MGO LS – plus 5-12 USD/MT.
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