Bunker Global Open Directory News
2024-12-19MABUX: Global bunker indices to shift to upward correction on Dec.19.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), recored a slight decline on Dec.18:
380 HSFO - USD/MT - 518.50 (-0.76)
VLSFO - USD/MT – 591.89 (-1.81)
MGO - USD/MT – 755.61 (-0.57)
As of Dec.18, the MABUX Market Differential Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), continued to indicate an undercharge across all major bunker fuel types in key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: The underprice premium declined by $5 in Rotterdam, $10 in Singapore, $5 in Fujairah, and $2 in Houston.
• VLSFO segment: Undervaluation narrowed by $7 in Rotterdam, $8 Singapore, $7 in Fujairah, and $3 in Houston. Singapore and Fujairah approached a 100-percent correlation mark between MBP and DBP.
• MGO LS segment: The undercharge decreased by $15 in Rotterdam, $11 in Singapore, $11 in Fujairah, and $9 in Houston. Singapore dipped below the $100.00 threshold, while Rotterdam approached this level.
We expect Global bunker indices to see a slight upward correction on Dec.19: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus 3-6 USD/MT.
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