On December 8, the MABUX World Bunker Index, calculated using current prices for 380 HSFO, VLSFO, and MGO, exhibited a decline.
380 HSFO – USD/MT – 516.49 (-2.51)
VLSFO – USD/MT – 636.37 (-3.11)
MGO – USD/MT – 880.01 (-9.75)
HSFO Overpriced
As of Dec. 08, the MABUX MBP/DBP Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), indicated the following trends across four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: Houston was the only undercharged port in this fuel segment, while MDI index remained unchanged. The other three selected ports continued to be undercharged, with underpricing margins widening by $6 in Rotterdam and $17 in Fujairah, but narrowing by $3 in Singapore. The MDI index in Fujairah exceeded the $100 mark again.
VLSFO Overpriced
– VLSFO segment: Rotterdam and Houston remained underpriced, with premiums increasing by $3 and $5, respectively. Singapore and Fujairah stayed in the overcharge zone, with overpricing margins decreasing by $5 in Singapore and $15 in Fujairah.
MGO LS Overpriced
– MGO LS segment: All four ports were underpriced. The undercharging ratio increased by $8 in Rotterdam and $3 in Houston but decreased by $1 in Singapore and $5 in Fujairah. The MDI index in Fujairah exceeded the $100 mark again.
We expect Global bunker indices to turn to an upward correction on Dec. 11: 380 HSFO – plus 3-8 USD/MT, VLSFO –plus 4-10 USD/MT, MGO LS – plus 3-9 USD/MT.
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Source: MABUX
