Bunker Global Open Directory News

2024-12-16

MABUX: Uptrend to prevail in the Global bunker market on Dec.16.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued its. modest upward trend on Dec. 13, marking the fourth consecutive day of increases:

380 HSFO - USD/MT - 516.18 (+0.66)

VLSFO - USD/MT – 591.36 (+0.31)

MGO - USD/MT – 753.85 (+1.79)

On Dec. 13, the MABUX Market Differential Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), showed underpricing across all bunker fuel types in key ports: Rotterdam, Singapore, Fujairah, and Houston:

• HSFO segment: The underprice premium narrowed by $1 in Rotterdam, $2 in Singapore, $1 in Fujairah, and $5 in Houston.

• VLSFO segment: The undervaluation declined by $1 in Rotterdam, Singapore, and Fujairah and by $6 in Houston.

• MGO LS segment: The undercharge decreased by $11 in Rotterdam, $15 in Singapore, $11 in Fujairah, and $2 in Houston. The MDI index in Singapore dropped below the $100 mark, while Rotterdam’s remained above it.

We expect a slight upward trend to persist in the Global bunker market on Dec.16: 380 HSFO – plus 3-6 USD/MT, VLSFO – plus 3-7 USD/MT, MGO LS – plus 5-9 USD/MT.

www.mabux.com