On December 18, the MABUX World Bunker Index, derived from current prices for 380 HSFO, VLSFO, and MGO, exhibited a modest upward inclination.
380 HSFO – USD/MT – 519.52 (+2.06)
VLSFO – USD/MT – 640.31 (+7.02)
MGO – USD/MT – 885.92 (+8.88)
HSFO Index
As of Dec.18, the MABUX MBP/DBP Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), registered the following trends across four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: Houston remained in the overcharge zone, with the overprice premium widening further by $4. The other three selected ports were undercharged. Underpricing margins have narrowed by $2 in Rotterdam, widened by $1 in Singapore, and remained unchanged in Fujairah.
VLSFO Index
– VLSFO segment: Rotterdam and Houston were underpriced, with premiums decreasing by $5 in Rotterdam and $9 in Houston. Singapore and Fujairah remained in the overcharge zone, with overpricing margins increasing by $11 in Singapore and $5 in Fujairah.
MGO LS Index
– MGO LS segment: Fujairah shifted back to the undercharge, aligning with the other three ports. The underprice premium widened by $7 in Rotterdam, $11 in Singapore, and $4 in Fujairah, but narrowed in by $11 in Houston.
We expect Global bunker indices to continue a sustainable upward trend on Dec. 19: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-5 USD/MT, MGO LS – 2-7 USD/MT.
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Source: MABUX
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