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

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO in the main world hubs) resumed upward evolution as of June 03:

380 HSFO – USD/MT – 759.50 (+9.54)
VLSFO – USD/MT – 1 052.94 (+17.82)
MGO – USD/MT – 1 333.57 (+28.21)

MABUX world bunker index for VLSFO fuel still stays well above the 1000 USD mark.

MABUX Market/Digital Index (MDI) (comparison of market bunker prices vs. MABUX digital bunker price benchmark) on June 03 showed irregular changes, while some fuel grades were still underestimated. In particular, 380 HSFO fuel was undervalued in Rotterdam by minus $7 (minus $9 the day before), Singapore – by minus $55 (minus $57) and in Fujairah by minus $1 (minus $8). Houston was the only port where this type of fuel was overpriced by plus $19 (plus $26). Underprice as well as overcharge premium has slightly declined.

In the VLSFO segment, the MDI index registered an overcharge on June 03 in all four selected ports: Rotterdam – plus $ 44 (plus $ 19 a day earlier), Singapore – plus $ 216 (plus $ 217), Fujairah – plus $ 156 (plus $ 138) and Houston – plus $41 (plus $46). At the moment, VLSFO remains the most overvalued fuel grade with no firm MDI trend: up in Rotterdam and Fujairah, but down in Singapore and Houston.

The MDI index also did not have a firm dynamics in the MGO LS fuel grade segment. Fuel was undervalued in Singapore: minus $19 (versus minus $55 the day before). Meantime, MGO LS remained overvalued in Rotterdam (plus $22 vs. minus $69), Fujairah (plus $140 vs.  plus $74) and Houston (plus $15 vs. minus $21). The most significant change was the overprice growth in Rotterdam by 91 points at once.

We expect global bunker prices to rise firmly today: 380 HSFO – plus 10-14 USD / MT, VLSFO – plus 10-16 USD / MT, MGO LS – plus 20-45 USD/MT.

Source: www.mabux.com