On December 15th, the MABUX World Bunker Index, computed from prevailing prices for 380 HSFO, VLSFO, and MGO, sustained a notable upward trajectory.
380 HSFO – USD/MT – 517.46 (+6.64)
VLSFO – USD/MT – 633.29+7.70)
MGO – USD/MT – 877.04 (+8.74)
HSFO Trends
As of Dec. 15, the MABUX MBP/DBP Index (MDI), which monitors 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 decreasing by $6. The other three selected ports were undercharged. Underpricing margins have widened by $4 in Rotterdam, $7 in Singapore and $3 in Fujairah.
VLSFO Trends
– VLSFO segment: Rotterdam and Houston continued to be underpriced, with premiums increasing by $4 in Rotterdam and $7 in Houston. Singapore and Fujairah stayed in the overcharge zone, with overpricing margins decreasing by $9 in Singapore and $14 in Fujairah.
MGO LS Trends
– MGO LS segment: Fujairah was the only port in the overcharge zone with the overprice premium narrowing by $17 and approaching the 100 per cent correlation mark between market bunker price and digital benchmark. The other three ports remained underpriced. The undercharge ratio increased by $15 in Rotterdam and $4 in Singapore but decreased by $7 in Houston.
We expect Global bunker indices not to have a firm trend on Dec. 18 and change irregularly: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 1-5 USD/MT, MGO LS – plus 2-7 USD/MT.
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Source: MABUX
