MABUX: Global bunker indices to sustain downward trend on Sep.05.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued its sustainable downward trend on Sep.04:

380 HSFO - USD/MT - 507.08 (-12.00)

VLSFO - USD/MT – 616.69 (-10.25)

MGO - USD/MT – 766.30 (-12.89)

As of Sep.04, 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: All four ports were in the undercharge zone. The underpricing margins narrowed further by $8 in Rotterdam, $12 in Singapore, $18 in Fujairah, and $14 in Houston.

- VLSFO segment: Rotterdam and Houston continued to be undercharged, with the premium declining further by $13 in Rotterdam and $14 in Houston. Singapore and Fujairah remained in the overcharge zone, with the overpricing margin rising further by $24 in Singapore and $28 in Fujairah.

- MGO LS segment: All four selected ports remained undercharged. The underpricing ratio narrowed by $2 in Rotterdam, $14 in Fujairah, and $8 in Houston, but widened by $2 in Singapore. The MDI index in both Rotterdam and Singapore stayed well above the $100 mark, while Houston’s MDI approached the 100-percent correlation mark between the market price and the MABUX digital benchmark.

We expect Global bunker indices to continue a firm downward trajectory on Sep.05: 380 HSFO – minus 3-5 USD/MT, VLSFO – minus 3-6 USD/MT, MGO LS – minus 5-9 USD/MT.