Unpredictable Shifts In Global Bunker Indices

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On December 1, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, showed a minor decline.

380 HSFO – USD/MT – 529.89 (-3.84)

VLSFO – USD/MT – 665.56 (-3.36)

MGO – USD/MT – 912.38 (-6.14)

HSFO Pricing Shifts

As of Dec. 01, the MABUX MBP/DBP Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has registered the following trends across four selected ports: Rotterdam, Singapore, Fujairah, and Houston.

– HSFO segment: Houston moved to the overcharge zone with premium rising by $6. The other three selected ports remained undercharged. The underpricing margins narrowed by $2 in Rotterdam, bur widened by $11 in Singapore and $3 in Fujairah.

VLSFO Pricing Shifts

– VLSFO segment: Rotterdam and Houston were both underpriced, with premiums decreasing by $2 in Rotterdam and $9 in Houston. Singapore and Fujairah were in the overcharge zone, with overpricing margins decreasing by $2 in Fujairah. The MDI Index in Singapore remained unchanged.

MGO LS Pricing Shifts

– MGO LS segment: All four ports continued to be undercharged. The underpricing ratio decreased by $13 in Rotterdam, $6 in Singapore, $16 in Fujairah, and $13 in Houston. The MDI index in Singapore fell below the $100 mark.

We do not expect a firm trend in Global bunker market on Dec. 04. The irregular changes of bunker indices to prevail: 380 HSFO – minus 1-7 USD/MT, VLSFO – minus 1-10 USD/MT, MGO LS – plus-minus 5-18 USD/MT.

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Source: MABUX

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