MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) demonstrated slight upward changes on Feb.02:

380 HSFO – USD/MT – 567.85 (+0.28)
VLSFO – USD/MT – 713.49 (+1.29)
MGO – USD/MT – 850.37 (+4.83)

As of Feb.02, 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 selected ports: in Rotterdam – by plus $19 (plus $10 the day before), in Singapore – by plus $2 (minus $7 the day before) and in Houston by plus $ 32 (plus $36 the day before). In Fujairah this fuel grade was undercharged – by minus $5 (minus $13 the day before). The most significant changes were registered in Rotterdam (the overcharge rate increased by $9) and Singapore (the undercharge rate decreased by $9, and this fuel became overcharged) on Feb.02.

VLSFO, according to the MABUX MBP /DBP Index, was overcharged on Feb. 02 in all selected ports. The overcharge ratio was registered in Rotterdam – plus $30 (plus $19 the day before), Singapore – plus $31 (plus $11 the day before), in Fujairah – by plus $31 (plus $17 the day before), in Houston by plus $9 (plus $4 the day before). The most significant changes were registered in Singapore where the overcharge level increased by $20 on Feb.02.

MGO LS, according to the MABUX MBP /DBP Index, was undercharged in three out of four selected ports on Feb.02: in Rotterdam – minus $ 18 (minus $14 the day before), in Singapore – minus $ 22 (minus $18 the day before), in Fujairah – minus $27 (minus $19 the day before). In Houston this fuel grade remained overcharged by plus $34 (plus $39 the day before). The most significant changes were registered in Fujairah where the undercharge level increased by $8.

We expect global bunker prices may demonstrate slight irregular changes today. The price for 380HSFO and VLSFO may increase by 2-4 USD/MT, MGO may decline 2-4 USD/MT.

Source: www.mabux.com