MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) rose on Feb.04: 380 HSFO – USD/MT – 376.32 (+5.02) VLSFO – USD/MT – 476.90 (+4.46) MGO – USD/MT – 529.39 (+3.21) As of Feb. 04, correlation of MBP Index (Market Bunker Prices) vs .
MABUX: Bunker market this morning, Feb.03, 2021
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) rose on Feb.02:
380 HSFO – USD/MT – 367.65 (+3.82)
VLSFO – USD/MT – 465.85 (+5.10)
MGO – USD/MT – 519.55 (+3.38)
As of February 02, correlation of MBP Index (Market Bunker Prices) vs DBP Index (MABUX Digital Benchmark (Digital Bunker Prices) in four global largest hubs showed a situation when 380 HSFO and MGO LS fuel grades were underestimated in all four selected ports, including Houston (for the first time), where DBP index registered an underestimation of 380 HSFO by minus 4 dollars on Feb. 02 and a 100-percent correlation of MBP and DBP indices for MGO LS fuel. In general, 380 HSFO fuel was undercharged in all ports in a range from minus $ 2 (Fujairah) to minus $ 7 (Rotterdam and Singapore), and MGO LS fuel – from minus $ 6 (Rotterdam) to minus $ 23 (Singapore). However, VLSFO fuel remained overpriced at all
MABUX: Bunker market this morning, Feb.01, 2021
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) fell slightly on Jan.29:
380 HSFO – USD/MT – 365.19 (-0.18)
VLSFO – USD/MT – 460.04 (-0.90)
MGO – USD/MT – 514.82 (-2.03)
As of January 29, comparison between MBP Index (Market Bunker Prices) and DBP Index (MABUX Digital Benchmark (Digital Bunker Prices) in four global largest hubs showed that in three of four selected ports 380 HSFO and MGO LS were still moderately underestimated. According to DBP Index, 380 HSFO fuel in Rotterdam, Singapore and Fujairah was undercharged in a range from minus $ 2 (Fujairah) to minus $ 14 (Rotterdam), and MGO LS fuel – in a range from minus $ 15 (Fujairah) to minus $ 25 (Singapore). At the same time, VLSFO fuel remained overvalued in all selected ports ranging from plus $ 8 (Rotterdam) to plus $ 27(Houston). Houston remains the only port of the top 4, where the overcharging is r
MABUX: Bunker market this morning, Jan.28, 2021
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) demonstrated slight upward trend on Jan.27:
380 HSFO – USD/MT – 366.23 (+0.78)
VLSFO – USD/MT – 461.92 (+0.92)
MGO – USD/MT – 518.25 (+3.00)
As of January 27, correlation of MBP Index (Market Bunker Prices) vs DBP Index (MABUX Digital Benchmark (Digital Bunker Prices) in the four global largest hubs showed that in three of the four selected ports 380 HSFO and MGO LS were moderately undervalued. According to DBP Index, 380 HSFO fuel in Rotterdam, Singapore and Fujairah was undercharged in the range from minus 4 dollars (Fujairah) to minus 13 dollars (Singapore), and MGO LS fuel – in the range from minus 14 dollars (Rotterdam and Fujairah) to minus $ 27 (Singapore). At the same time, VLSFO fuel remained overvalued in all selected ports ranging from plus $ 9 (Rotterdam) to plus $ 26 (Houston). Houston remains the o
MABUX: Bunker market this morning, Jan.26, 2021
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) demonstrated slight upward trend on Jan.25:
380 HSFO – USD/MT – 364.45 (+0.44)
VLSFO – USD/MT – 460.00 (+1.00)
MGO – USD/MT – 515.13 (+1.33)
As of January 25, correlation of the MBP Index (Market Bunker Prices) vs the DBP Index (digital benchmark MABUX (Digital Bunker Prices) in the four largest global hubs recorded a significant narrowing of both indices in Fujairah and Houston. Thus, according to DBP, the 380 HSFO fuel grade was undervalued in Fujairah by only minus $ 1 and overvalued in Houston by plus $ 5. In addition, the MBP vs DBP index for MGO LS fuel in Fujairah narrowed to minus $ 9. However, VLSFO fuel remained overpriced at all selected ports ranging from $ 6 (Rotterdam) to $ 25 (Houston).