- On December 26, the MABUX World Bunker Index displayed a slight downward trend.
- All ports are in the undercharge zone, with underpricing ratios fluctuating.
- Rotterdam and Singapore MDI Index remained above $100, while underprice ratios increased in Rotterdam ($4) and decreased in Singapore ($3), Fujairah ($2), and Houston ($11).
On December 26, the MABUX World Bunker Index, computed from prevailing prices for 380 HSFO, VLSFO, and MGO, exhibited a marginal downward trend.
380 HSFO – USD/MT – 521.58 (-0.87)
VLSFO – USD/MT – 650.23 (-1.16)
MGO – USD/MT – 897.33 (-0.16)
HSFO Overpriced
As of Dec.26, the MABUX MBP/DBP Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), revealed the following trends across four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: Houston remained the only port in the overcharge zone, with the overprice premium widening by $2. The other three selected ports were undercharged, with underpricing premiums also widening by $2 in Rotterdam and $4 in Fujairah, but narrowing by $4 in Singapore.
VLSFO Overpriced
– VLSFO segment: Rotterdam and Houston remained underpriced, with premiums increasing further by $3 in Rotterdam, but decreasing by $4 in Houston. Singapore and Fujairah were overcharged, with overpricing margins rising by $2 in Singapore, but dropping by $8 in Fujairah.
MGO LS Overpriced
– MGO LS segment: All four selected ports were in the undercharge zone. The underprice ratio rose by $4 in Rotterdam, but dropped by $3 in Singapore, by $2 in Fujairah, and $11 in Houston. MDI Index in Rotterdam and Singapore remained steady above the $100 mark.
We expect an upward trend in the Global bunker market on Dec. 27: 380 HSFO – plus 4-8 USD/MT, VLSFO – plus 5-10 USD/MT, MGO LS – plus 0-3 USD/MT.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: MABUX
