Bunker Global Open Directory News
2023-12-07MABUX: A sustainable downward trend to continue in Global bunker market on Dec. 07.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued downward movement on Dec. 06:
380 HSFO - USD/MT - 524.52 (-3.41)
VLSFO - USD/MT – 651.31 (-4.26)
MGO - USD/MT – 898.92 (-1.39)
As of Dec. 06, the MABUX MBP/DBP Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has indicated the following trends across four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
- HSFO segment: Houston remained the only undercharged port in this fuel segment, with the premium widening by $1. The other three selected ports were undercharged. Rotterdam registered a $9 increase in underpricing margins, Singapore – plus $12 and Fujairah – plus $8. The MDI in Fujairah once again exceeded the $100 mark.
- VLSFO segment: Rotterdam and Houston continued to be underpriced, with premiums further increasing by $2 and $5, respectively. Singapore and Fujairah were in the overcharge zone, with overpricing margins decreasing by $4 in Singapore and increasing by $4 in Fujairah.
- MGO LS segment: All four ports were undervalued. The underpricing ratio increased by $2 in Singapore, $4 in Fujairah and $11 in Houston. The MDI index in Rotterdam remained unchanged, while MDI in Fujairah continued to be above the $100 mark.
We expect Global bunker indices to continue a sustainable downward trend on Dec. 07: 380 HSFO – minus 5-15 USD/MT, VLSFO – minus 5-18 USD/MT, MGO LS – minus 7-18 USD/MT.
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