On December 12th, the MABUX World Bunker Index, calculated from prevailing prices for 380 HSFO, VLSFO, and MGO, exhibited a modest decline.
380 HSFO – USD/MT – 516.92 (-3.33)
VLSFO – USD/MT – 631.76 (-6.00)
MGO – USD/MT – 874.95 (-5.55)
HSFO Overcharged
As of Dec. 13, 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 stands out as the only overcharged port in this fuel segment, with the MDI index remaining unchanged. The other three selected ports continue to be undercharged. Underpricing margins have expanded further by $2 in Rotterdam, but narrowed by $3 in Fujairah. MDI index in Singapore has remained unchanged.
VLSFO Overcharged
– VLSFO segment: Rotterdam and Houston were underpriced, with premiums increasing by $13 and $8, respectively. Singapore and Fujairah remained in the overcharge zone, with overpricing margins decreasing by $14 in Singapore and $3 in Fujairah.
MGO LS Overcharged
– MGO LS segment: All four ports continued to be underpriced. The undercharging ratio increased by $7 in Rotterdam, $11 in Singapore, $5 in Fujairah, and $16 in Houston. The MDI index in both Rotterdam and Fujairah surpassed the $100 mark.
We expect a sustainable downtrend to prevail in the Global bunker market on Dec. 13: 380 HSFO – minus 7-12 USD/MT, VLSFO – minus 8-15 USD/MT, MGO LS – minus 10-25 USD/MT.
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Source: MABUX
