Bunker Global Open Directory News
2024-12-13MABUX: No sustainable trend in Global bunker market on Dec.13.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued its uptrend on Dec. 12, marking the third consecutive day of increases:
380 HSFO - USD/MT - 515.52 (+3.42)
VLSFO - USD/MT – 591.05 (+3.80)
MGO - USD/MT – 752.06+4.12)
As of Dec. 12, the MABUX Market Differential Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), indicated underpricing across all bunker fuel types in key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: The underprice premium widened further by $15 in Rotterdam, $1 in Singapore, $3 in Fujairah, and $6 in Houston.
• VLSFO segment: The undervaluation rate rose by $6 in Rotterdam and $7 in Houston but dropped by $1 in Fujairah. The MDI index in Singapore remained unchanged.
• MGO LS segment: The undercharge gap expanded by $8 in Rotterdam, $2 in Singapore, $8 in Fujairah, and $5 in Houston. Both Rotterdam’s and Singapore’s MDI stayed above the $100 mark.
We do expect a firm trend in the Global bunker market on Dec.13: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 1-3 USD/MT, MGO LS – plus-minus 2-5 USD/MT.
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