MABUX: Bunker prices may increase on Feb 10
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) decreased on February 09:
380 HSFO - USD/MT – 575.10 (-5.16)
VLSFO - USD/MT – 734.63 (-6.31)
MGO - USD/MT – 862.75 (-9.27)
As of February 09, 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 two out of four selected ports: in Rotterdam - by plus $8 (plus $7 the day before), and in Houston by plus $ 27 (plus $24 the day before). In Singapore this fuel grade was undercharged – by minus $22 (minus $18 the day before), in Fujairah - by minus $1 (minus $8 the day before). The most significant changes were registered in Fujairah, where the undercharge level decreased by $7 on February 09.
VLSFO, according to the MABUX MBP /DBP Index, was overcharged on February 09 in all selected ports. The overcharge ratio was registered in Rotterdam - plus $35 (plus $36 the day before), Singapore - plus $38 (plus $33 the day before), in Fujairah - by plus $49 (plus $39 the day before), in Houston by plus $18 (plus $13 the day before). The most significant changes were registered in Fujairah where the overcharge level increased by $10 on February 09.
MGO LS, according to the MABUX MBP /DBP Index, was undercharged in three out of four selected ports on February 09: in Rotterdam - minus $ 13 (minus $33 the day before), in Singapore - minus $ 24 (minus $49 the day before), in Fujairah – minus $17 (minus $44 the day before). In Houston this fuel grade remained overcharged by plus $36 (plus $31 the day before). The most significant changes were registered in Fujairah, where the undercharge level decreased by $27.
We expect global bunker prices may demonstrate upward changes today. The price for 380HSFO may increase by 2-4 USD/MT, VLSFO may rise by 4-6 USD/MT, the price for MGO may add 10-15 USD/MT.
Source: www.mabux.com
