Bunker Global Open Directory News

2024-12-06

MABUX: Slight downward trend to prevail in Global bunker market on Dec.06.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), demonstrated a clear downward trend on Dec. 05:

380 HSFO - USD/MT - 509.45 (-5.62)

VLSFO - USD/MT – 585.38 (-3.56)

MGO - USD/MT – 746.63 (-5.32)

As of Dec. 05, the MABUX Market Differential Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), indicated the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:

• HSFO segment: Rotterdam returned to the overcharge zone, with the overprice margin increasing by $3. The rest three ports remained undervalued. The underprice premium widened by $2 in Singapore, $5 in Fujairah, and $1 in Houston. The MDI index in Rotterdam approached a 100-percent correlation mark between MBP and DBP.

• VLSFO segment: Singapore moved to overpricing, with the margin rising by $9. Rotterdam, Fujairah and Houston continued to be undercharged, with the undercharge margin dropping by $4, $1, and $1 respectively. The MDI indexes in Singapore and Fujairah remained near a 100-percent correlation mark between the market price and the MABUX digital benchmark.

• MGO LS segment: All four ports were underpriced, with the undercharge rate declining by $5 in Rotterdam, $3 in Singapore, $1 in Fujairah, and $5 in Houston. Singapore’s MDI dropped below the $100 mark, while Houston reached a 100-percent alignment between MBP and DBP.

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

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