Bunker Global Open Directory News
2024-12-09MABUX: Global bunker indices to continue trending lower on Dec.09.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued downward trend on Dec. 06:
380 HSFO - USD/MT - 508.06 (-1.39)
VLSFO - USD/MT – 584.94 (-0.44)
MGO - USD/MT – 743.80 (-2.83)
As of Dec. 06, the MABUX Market Differential Index (MDI), tracking 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 shifted back to the undercharge zone, joining the rest three ports. The underprice premium widened by $5 in Rotterdam, $6 in Singapore, and $2 in Houston, but narrowed by $1 in Fujairah. The MDI index in Rotterdam stayed close to a 100-percent correlation mark between MBP and DBP.
• VLSFO segment: Singapore was the only overcharged port, with the margin declining by $3. Rotterdam, Fujairah and Houston continued to be undercharged, with the undercharge premium dropping further by $2 in both Rotterdam and Fujairah. The MDI indexes in Singapore and Fujairah hovered near a 100-percent correlation mark between the market price and the MABUX digital benchmark, while Houston’s MDI remained unchanged.
• MGO LS segment: All four ports were underpriced, with the undercharge rate declining by $3 in Rotterdam, $6 in Singapore, and $7 in Fujairah, while rising by $9 in Houston. Rotterdam’s MDI dropped below the $100 mark.
We expect Global bunker market to continue trending downward on Dec.09: 380 HSFO – minus 1-4 USD/MT, VLSFO – minus 2-5 USD/MT, MGO LS – minus 3-6 USD/MT.
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