MABUX: Global bunker indices to resume upward movement on Aug.16.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), displayed irregular changes with no firm trend on Aug.15:
380 HSFO - USD/MT - 534.17 (+4.27)
VLSFO - USD/MT – 628.17 (-3.35)
MGO - USD/MT – 803.45 (-4.49)
As of Aug.15, the MABUX MBP/DBP Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), continued to register underpricing for all bunker fuel types across key ports – Rotterdam, Singapore, Fujairah, and Houston:
- HSFO segment: The underpricing premium decreased by $5 in Rotterdam, $2 in Singapore, and $6 in Houston, but increased by $11 in Fujairah.
- VLSFO segment: Undercharge margins narrowed further by $4 in Rotterdam, $3 in Singapore, $4 in Fujairah, and $8 in Houston. The MDI indexes in Singapore and Fujairah are now one point above the 100% correlation mark between the market price and the MABUX digital benchmark.
- MGO LS segment: The underpricing ratio rose by another $1 in Singapore and $4 in Fujairah but dropped by $4 in Houston. The MDI indexes in Rotterdam remained unchanged, while both Rotterdam and Singapore staying well above the $100 mark.
We expect Global bunker indices to resume upward trajectory on Aug.16: 380 HSFO – plus 3-6 USD/MT, VLSFO – plus 3-7 USD/MT, MGO LS – plus 3-7 USD/MT.
mabux.com