Bunker Global Open Directory News

2023-12-06

MABUX: Global bunker indices to continue slight downward movement on Dec. 06.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) did not have a sustainable trend and changed irregular on Dec. 05:

380 HSFO - USD/MT - 527.93 (+1.68)

VLSFO - USD/MT – 655.57 (-2.04)

MGO - USD/MT – 900.31-4.37)

As of Dec. 05, the MABUX MBP/DBP Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has revealed the following trends across four selected ports: Rotterdam, Singapore, Fujairah, and Houston.

- HSFO segment: Houston remained the sole port experiencing overcharging, with the premium widening by $2. The other three selected ports continued to be undercharged. Rotterdam saw a $1 increase in underpricing margins, while Singapore and Fujairah experienced a decrease of $5 and $4, respectively.

- VLSFO segment: Rotterdam and Houston were underpriced, with premiums decreasing further by $1 in Rotterdam and $5 in Houston. Singapore and Fujairah remained in the overcharge zone, with overpricing margins increasing by $3 in Singapore and decreasing by $16 in Fujairah.

- MGO LS segment: All four ports remained undervalued. The underpricing ratio decreased by $6 in Rotterdam, $3 in Singapore and $1 in Fujairah, but increased by $6 in Houston. The MDI index in Rotterdam fell below the $100 mark.

We expect Global bunker indices to continue slight downward movement on Dec. 06: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 2-4 USD/MT, MGO LS – minus 1-5 USD/MT.

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