On December 20, the MABUX World Bunker Index, calculated from prevailing prices for 380 HSFO, VLSFO, and MGO, experienced a slight increase.
380 HSFO – USD/MT – 522.11 (+3.41)
VLSFO – USD/MT – 650.70 (+3.65)
MGO – USD/MT – 897.11 (+2.35)
HSFO Overpriced
As of Dec.20, 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 in the overcharge zone, with the overprice premium narrowing further by $2. The other three selected ports were undercharged. Underpricing premiums have widened further by $4 in Rotterdam and $37 in Fujairah, but narrowed by $4 in Singapore.
VLSFO Overpriced
– VLSFO segment: Rotterdam and Houston continued to be underpriced, with premiums increasing by $4 in Rotterdam and $7 in Houston. Singapore and Fujairah, on the contrary, were in the overcharge zone, with overpricing margins unchanged in Singapore, but decreasing by $3 in Fujairah.
MGO LS Overpriced
– MGO LS segment: All four selected ports were undercharged. The underprice ratio dropped by $5 in Rotterdam and $2 in Fujairah but rose by $2 in Singapore and $7 in Houston. MDI Index in Rotterdam and Singapore remained above the $100 mark again.
We do not expect a firm trend in the Global bunker market on Dec. 21: 380 HSFO – plus 0-3 USD/MT, VLSFO – plus 0-3 USD/MT, MGO LS – plus-minus 2-5 USD/MT.
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Source: MABUX
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