MABUX: Global bunker indices to show a slight upward evolution on May 17.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) did not have a steady trend and changed irregular on May 16:
380 HSFO - USD/MT - 544.06 (-0.20)
VLSFO - USD/MT – 657.68 (+0.88)
MGO - USD/MT – 839.35 (+0.80)
As of May 16, the MABUX MBP/DBP Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), revealed the following trends across major ports – Rotterdam, Singapore, Fujairah, and Houston :
- HSFO segment: All four selected ports continued to be in the undercharge zone, with underprice premiums narrowing further by $2 in Singapore but widening by $2 in both Fujairah and Houston. The MDI index in Rotterdam remained unchanged.
- VLSFO segment: Fujairah shifted to the overcharge zone, becoming the only overpriced port in this fuel segment, with premium increasing by $5. The other three ports were undercharged, with margins rising by $2 in Rotterdam and $1 in Singapore. The MDI index in Houston held steady.
- MGO LS segment: Houston moved to the overcharge zone while Fujairah returned to the underprice zone. The overcharge premium in Houston increased by $6. Meanwhile, the underprice ratio dropped by $1 in Rotterdam but increased by $7 in Singapore and $4 in Fujairah. In Singapore, the MDI index exceeded the $100 mark.
We expect Global bunker indices to continue a slight upward trend on May 17: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-4 USD/MT, MGO LS – plus 2-5 USD/MT.
mabux.com