MABUX: Global bunker indices to continue trending downward on Aug.21.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued downward trend on Aug.20:

380 HSFO - USD/MT - 524.98 (-4.64)

VLSFO - USD/MT – 621.38 (-2.89)

MGO - USD/MT – 788.77 (-7.80)

As of Aug.20, the MABUX MBP/DBP Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), registered the following trends across key ports – Rotterdam, Singapore, Fujairah, and Houston:

- HSFO segment: All four ports remained in the underprice zone. The underpricing premium decreased by $8 in Rotterdam, $6 in Singapore, $7 in Fujairah, and $6 in Houston.

- VLSFO segment: Fujairah shifted to the overcharge zone, with premium widening by $8, making it the only overpriced port. Rotterdam and Houston remained undercharged, with the margin narrowing by $11 in Rotterdam and $7 in Houston. The MDI index in Houston registered a 100% correlation mark between the market price and the MABUX digital benchmark.

- MGO LS segment: Three ports were undervalued. The underpricing ratio rose by $4 in Rotterdam, $3 in Singapore, but dropped by $2 in Fujairah. The MDI index in Houston indicated a 100% correlation mark between the market price and the MABUX digital benchmark. In Rotterdam and Singapore, the index stayed above the $100 mark.

We expect Global bunker indices to continue edging downwards on Aug.21: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 1-3 USD/MT, MGO LS – minus 1-8 USD/MT.