Bunker Global Open Directory News
2024-12-12MABUX: Upward trend to prevail in Global bunker market on Dec.12.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), trended higher on Dec. 11:
380 HSFO - USD/MT - 512.10 (+1.11)
VLSFO - USD/MT – 587.25 (+2.18)
MGO - USD/MT – 747.94 (+2.01)
As of Dec. 11, the MABUX Market Differential Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), continued to register underpricing across all bunker fuel types in key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: The underprice premium widened by $10 in Rotterdam, $1 in Singapore, and $4 in Fujairah, but narrowed by $1 in Houston.
• VLSFO segment: The undervaluation rate increased by $3 in Rotterdam and by $2 in Singapore and Houston, but decreased by $3 in Fujairah.
• MGO LS segment: The undercharge gap grew by $9 in Rotterdam and $3 in Singapore and in Fujairah, but dropped by $1 in Houston. Rotterdam’s MDI remained well above the $100 mark, while Singapore’s index approached this threshold.
We expect Global bunker market to continue its upward trajectory on Dec.12: 380 HSFO – plus 3-7 USD/MT, VLSFO – plus 4-8 USD/MT, MGO LS – plus 4-9 USD/MT.
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