Bunker Global Open Directory News
2023-11-30MABUX: Irregular changes with no firm trend to prevail in Global bunker market on Nov.30.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) demonstrated an upward trend on Nov. 29:
380 HSFO - USD/MT - 527.74 (+2.66)
VLSFO - USD/MT – 668.45 (+4.84)
MGO - USD/MT – 922.40 (+4.11)
As of Nov. 29, the MABUX MBP/DBP Index (MDI), which monitors 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: All four selected ports remained undercharged. Underprice margins have widened by $5 in Rotterdam, $6 in Fujairah and $1 in Houston, while narrowing by $5 in Singapore. Houston continues to hover close to the $100 mark.
- VLSFO segment: Rotterdam and Houston remained underpriced, with a $7 increase in premiums in Rotterdam and $4 decrease in Houston. Singapore and Fujairah were overcharged, with overprice margins decreasing by $17 in Singapore and $7 in Fujairah.
- MGO LS segment: All four ports were in the undercharge zone. The underprice ratio expanded by $19 in Rotterdam, $8 in Singapore, $4 in Fujairah and $11 in Houston. The MDI index in Rotterdam reached the $100 mark, joining Singapore, which remained above $100.
We do not expect a firm trend in the Global bunker market on Nov. 30: 380 HSFO – plus 3-7 USD/MT, VLSFO – plus 3-8 USD/MT, MGO LS – minus 5-10 USD/MT.
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