Bunker Global Open Directory News
2023-12-04MABUX: The irregular changes of bunker indices to prevail in Global bunker market on Dec. 04.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) demonstrated a slight downward trend on Dec. 01:
380 HSFO - USD/MT - 529.89 (-3.84)
VLSFO - USD/MT – 665.56 (-3.36)
MGO - USD/MT – 912.38 (-6.14)
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 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 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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