On December 19, the MABUX World Bunker Index, reflecting fluctuations in current prices for 380 HSFO, VLSFO, and MGO, exhibited erratic changes without a consistent trend.
380 HSFO – USD/MT – 518.70 (-0.82)
VLSFO – USD/MT – 647.05 (+6.74)
MGO – USD/MT – 894.76 (+8.84)
HSFO Highlights
As of Dec.19, the MABUX MBP/DBP Index (MDI), monitoring 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 maintained its position in the overcharge zone, with the overprice premium narrowing by $5. The other three selected ports remained undercharged. Underpricing margins have widened by $5 in Rotterdam, $7 in Singapore, and $5 in Fujairah.
VLSFO Highlights
– VLSFO segment: Rotterdam and Houston continued to be underpriced, with premiums increasing by $7 in Rotterdam and $4 in Houston. In contrast, Singapore and Fujairah, were in the overcharge zone, with overpricing margins decreasing by $3 in Singapore, but increasing by $3 in Fujairah.
MGO LS Highlights
– MGO LS segment: All four selected ports were undercharged. The underprice premium widened by $14 in Rotterdam, $16 in Singapore, and $28 in Fujairah, but narrowed further by $2 in Houston. MDI Index in Rotterdam and Singapore surpassed the $100 mark again.
We expect Global bunker indices to continue trending higher on Dec. 20: 380 HSFO – plus 3-6 USD/MT, VLSFO – plus 4-8 USD/MT, MGO LS – 5-9 USD/MT.
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Source: MABUX
