Bunker Global Open Directory News

2023-12-05

MABUX: Slight downward trend to continue in Global bunker market on Dec. 05.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued a slight downward movement on Dec. 04:

380 HSFO - USD/MT - 526.25 (-3.64)

VLSFO - USD/MT – 657.61 (-7.95)

MGO - USD/MT – 904.68 (-7.70)

As of Dec. 04, 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: Houston remained the only overcharged port, with the premium narrowing by $2. The other three selected ports were undercharged. The underpricing margins narrowed by $19 in Rotterdam, $15 in Singapore and $9 in Fujairah.

- VLSFO segment: Rotterdam and Houston were both underpriced, with premiums decreasing further by $15 in Rotterdam and $3 in Houston. Singapore and Fujairah were in the overcharge zone, with overpricing margins increasing by $9 in Singapore and $24 in Fujairah.

- MGO LS segment: All four ports stayed in the undercharged zone. The underpricing ratio increased by $30 in Rotterdam, $30 in Singapore and $10 in Fujairah, but decreased by $3 in Houston. The MDI index in Rotterdam and Singapore has again surpassed the $100 mark.

We expect Global bunker indices to continue trending lower on Dec. 05: 380 HSFO – minus 2-5 USD/MT, VLSFO – minus 3-6 USD/MT, MGO LS – minus 1-8 USD/MT.

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