Bunker Global Open Directory News
2023-12-01MABUX: Global bunker indices to turn to slight downward correction on Dec. 01.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) changed irregular with no firm trend on Nov. 30:
380 HSFO - USD/MT - 533.73 (+5.99)
VLSFO - USD/MT – 668.92 (+0.47)
MGO - USD/MT – 918.52 (-3.88)
As of Nov. 30, 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 experienced undercharging. The underpricing margins widened further by $2 in Rotterdam, bur narrowed by $2 in Singapore, $2 in Fujairah and $4 in Houston. Houston maintained its proximity to the $100 mark.
- VLSFO segment: Rotterdam and Houston were both underpriced, with premiums rising by $5 in Rotterdam and $2 in Houston. Singapore and Fujairah remained in the overcharge zone, with overpricing margins decreasing further by $4 in Singapore and $6 in Fujairah.
- MGO LS segment: All four ports continued to be undercharged. The underpricing ratio decreased by $13 in Rotterdam, $14 in Singapore, $17 in Fujairah, and $10 in Houston. The MDI index in Rotterdam fell below the $100 mark.
We expect a slight downward correction in global bunker indices on Dec. 01: 380 HSFO – minus 1-7 USD/MT, VLSFO – minus 1-9 USD/MT, MGO LS – minus 8-18 USD/MT.
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