MABUX: Global bunker indices to show slight upward movement on Sep.25.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued changing irregular on Sep.24:

380 HSFO - USD/MT - 509.75 (-0.24)

VLSFO - USD/MT – 608.38 (+2.77)

MGO - USD/MT – 753.92 (+0.44)

As of Sep.24, the MABUX MBP/DBP Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), registered the following trends across key ports – Rotterdam, Singapore, Fujairah, and Houston:

- HSFO segment: All four ports continued to be undercharged. The underpricing margin narrowed further by $4 in Rotterdam, $1 in Singapore, and $9 in Houston, while it widened by $1 in Fujairah.

- VLSFO segment: Rotterdam and Houston remained undercharged, with the premium declining further by $8 in Rotterdam and $6 in Houston. Singapore and Fujairah were in the overcharge zone, with the premium increasing by $15 in Singapore and $4 in Fujairah.

- MGO LS segment: All four selected ports remained in the underprice zone. The undercharge ratio declined further by $7 in Rotterdam, $8 in Singapore, $2 in Fujairah, and $7 in Houston. The MDI index in Houston approached a 100-percent correlation mark between market price and the MABUX digital benchmark, while in Rotterdam and Singapore it continued to stay steadily above the $100 mark.

We expect Global Bunker indices to demonstrate a slight upward trend on Sep.24: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 3-6 USD/MT, MGO LS – plus 5-9 USD/MT.