Bunker Global Open Directory News

2024-12-20

MABUX: Global bunker indices to shift to slight downward movement on Dec.20.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), trended higher on Dec.19:

380 HSFO - USD/MT - 520.08 (+1.58)

VLSFO - USD/MT – 592.46 (+0.57)

MGO - USD/MT – 759.08 (+3.47)

As of Dec.19, the MABUX Market Differential Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), registered an undercharge across all major bunker fuel types in key ports: Rotterdam, Singapore, Fujairah, and Houston:

• HSFO segment: The underprice premium rose by $51 in Rotterdam and Houston but declined by $1 in Singapore and $4 in Fujairah.

• VLSFO segment: Undervaluation narrowed further by $1 in Rotterdam and Fujairah but widened by $1 in Singapore and $9 in Houston. Singapore and Fujairah remained near a 100-percent correlation mark between MBP and DBP.

• MGO LS segment: The undercharge increased by $16 in Rotterdam, $17 in Singapore, $13 in Fujairah, and $3 in Houston. Singapore exceeded the $100.00 threshold, while Rotterdam stayed well above this level.

We expect a slight downward movement to prevail in the Global bunker market on Dec.20: 380 HSFO – minus 2-4 USD/MT, VLSFO – minus 2-6 USD/MT, MGO LS – minus 3-6 USD/MT.

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