Bunker Global Open Directory News
2024-11-08MABUX: Irregular changes with no firm trend in Global bunker market on Nov.08.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed a slight downward movement on Nov.07:
380 HSFO - USD/MT - 527.40 (-2.39)
VLSFO - USD/MT – 607.50 (-1.64)
MGO - USD/MT – 769.10 (-4.08)
As of Nov.07, the MABUX MBP/DBP Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), registered the following trends across major ports – Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Three ports: Singapore, Fujairah and Houston were in the undercharge zone, with the underprice premium increasing by $1 in Singapore and $2 in Houston, but decreasing by $2 in Fujairah. Rotterdam was the only overpriced port, with its premium narrowing further by $9.
• VLSFO segment: Rotterdam and Houston continued to be undercharged, with underpricing narrowing by $2 in Roterdam and staying the same in Houston. Singapore and Fujairah were overcharged, with the overpricing widening by $1 in Singapore and $3 in Fujairah.
• MGO LS segment: All four ports showed underpricing. The undercharge rate rose by $1 in Rotterdam but dropped by $2 in Singapore, $1 in Fujairah, and $6 in Houston. The MDI indexes in Rotterdam abd Singapore neared the $100 mark.
We do not expect a firm trend in the Global bunker market on Nov.08: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-4 USD/MT, MGO LS – plus-minus 2-6 USD/MT.
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