On December 13, the MABUX World Bunker Index, calculated from prevailing prices for 380 HSFO, VLSFO, and MGO, continued its downward trend.
380 HSFO – USD/MT – 508.68 (-8.24)
VLSFO – USD/MT – 621.07 (-10.69)
MGO – USD/MT – 863.11 (-11.84)
HSFO Insights
As of Dec. 13, 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 the only overcharged port in this fuel segment, with the overprice premium increasing by $6. The other three selected ports were undercharged. Underpricing margins have narrowed by $8 in Rotterdam, $4 in Singapore and $12 in Fujairah. MDI index in Fujairah dropped below the $100 mark.
VLSFO Insights
– VLSFO segment: Rotterdam and Houston remained underpriced, with premiums unchanging in Rotterdam and decreasing by $2 in Houston. Singapore and Fujairah stayed in the overcharge zone, with overpricing margins increasing by $1 in Singapore and $9 in Fujairah.
MGO LS Insights
– MGO LS segment: Fujairah has shifted to the overcharge zone with the overprice premium increasing by $50. The other three ports remained underpriced. The undercharge ratio decreased by $37 in Rotterdam, $33 in Singapore, and $11 in Houston. The MDI index in both Rotterdam and Fujairah dropped below the $100 mark.
We expect an upward correction in the Global bunker market on Dec. 14: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 3-6 USD/MT, MGO LS – plus 3-10 USD/MT.
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Source: MABUX
