Bunker Global Open Directory News
2024-12-17MABUX: Global bunker indices to shift to downward correction on Dec.17.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued trending higher on Dec. 16 for the fifth consecutive day:
380 HSFO - USD/MT - 520.57 (+4.39)
VLSFO - USD/MT – 595.71 (+4.35)
MGO - USD/MT – 758.82 (+4.97)
On Dec. 16, the MABUX Market Differential Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), registered continued underpricing across all bunker fuel types in key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: The underprice premium narrowed by $2 in Rotterdam but widened by $2 in Singapore and Fujairah, and by $3 in Houston.
• VLSFO segment: Undervaluation rose by $7 Singapore and Fujairah but declined by $2 in Houston. The MDI index in Rotterdam remained unchanged.
• MGO LS segment: Undercharge increased by $15 in Rotterdam, $16 in Singapore, $21 in Fujairah, and $1 in Houston. The MDI in Singapore exceeded the $100 mark, while Rotterdam’s index stayed above this threshhold.
We expect Global bunker indices to shift to a downward correction on Dec.17: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 2-4 USD/MT, MGO LS – minus 1-3 USD/MT.
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