On December 11th, the MABUX World Bunker Index, calculated from prevailing prices for 380 HSFO, VLSFO, and MGO, exhibited a modest upward movement.
380 HSFO – USD/MT – 520.25 (+3.76)
VLSFO – USD/MT – 637.76 (+1.39)
MGO – USD/MT – 880.50 (+0.49)
HSFO Trends
As of Dec. 11, the MABUX MBP/DBP Index (MDI), which tracks 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 remained the only overcharged port in this fuel segment while the overcharging premium decreased by $2. The other three selected ports continued to be undercharged, with underpricing margins widening by $11 in Rotterdam, $2 in Singapore, and $7 in Fujairah. The MDI index in Fujairah stays above the $100 mark.
VLSFO Trends
– VLSFO segment: Rotterdam and Houston remained underpriced, with premiums increasing by $10 and $9, respectively. Singapore and Fujairah were in the overcharge zone, with overpricing margins decreasing by $13 in Singapore and $12 in Fujairah.
MGO LS Trends
– MGO LS segment: All four ports continued to be underpriced. The undercharging ratio increased by $1 in Rotterdam, $5 in Singapore, $6 in Fujairah, and $7 in Houston, but decreased by $1 in Singapore and $5 in Fujairah. The MDI index in both Rotterdam and Fujairah is above the $100 mark.
We expect Global bunker indices to continue a slight upward trend on Dec. 12: 380 HSFO – plus 0-2 USD/MT, VLSFO –plus 0-2 USD/MT, MGO LS – plus 2-6 USD/MT.
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Source: MABUX
