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2021 October 14 09:53

MABUX: Still no firm trend on Global bunker market on Oct.14

The Bunker Review was contributed by Marine Bunker Exchange (MABUX)

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) declined on Oct.13:

380 HSFO - USD/MT – 533.54 (-4.34)

VLSFO - USD/MT – 632.43 (-1.32)

MGO - USD/MT – 757.38 (-2.31)

As of October 13, a correlation of MABUX MBP Index (Market Bunker Prices) vs MABUX DBP Index (Digital Bunker Prices Benchmark) in four largest global hubs showed that 380 HSFO fuel grade was overvalued in three out of four ports: in Rotterdam - plus $ 29 (plus $ 31 the day before), in Singapore - plus $ 46 (plus $53 the day before) and in Fujairah - plus $ 29 (no changes). In Houston, the MABUX MBP / DBP Index continued register an underestimation of 380 HSFO fuel grade by minus $ 16 (minus $13 the day before). The most  significant change was registered in Singapore – the decrease by $6.

VLSFO, according to the MABUX MBP / DBP Index, was undercharged on October 13 in two out of four selected ports. The overcharge ratio was: in Singapore - minus $1 (no changes the day before), in Houston - minus $ 3 (plus $8). VLSFO fuel grade was overpriced in Rotterdam by $ 9 (plus $5 the day before). In Fujairah MBP Index 100%  correlates with DBP Index. There most significant change of VLSFO MBP/DBP was registered Houston – the increase of $11.

MGO LS, according to the MABUX MBP / DBP Index, remained underestimated on October 13 in all selected ports: in Rotterdam - minus $ 34 (no changes), minus $ 29 (minus $ 28 the day before) in Singapore, minus $ 33 (minus $ 48) in Fujairah and minus $5 (no changes) in Houston. The most significant change of MABUX MBP / DBP Index was registered in Singapore - the decrease of $15 compared to the day before.

We expect global bunker prices may demonstrate irregular changes today: prices for 380 HSFO and VLSFO may change within plus/minus 1-3 USD/MT, prices for MGO may increase by 2-4 USD/MT

Source: www.mabux.com