Bunker Global Open Directory News
2024-12-30MABUX: Global bunker indices to shift to slight upward movement on Dec.30.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), trended lower on Dec.27:
380 HSFO - USD/MT - 519.79 (-1.46)
VLSFO - USD/MT – 591.89 (-2.65)
MGO - USD/MT – 751.29 (-2.27)
As of Dec.27, 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 dropped by $1 in Singapore and $3 in Houston, while the MDI in Rotterdam and Fujairah remained unchanged.
• VLSFO segment: Undervaluation widened by $3 in Rotterdam, $1 in Singapore, $1 in Fujairah, and $4 in Houston.
• MGO LS segment: The undercharge increased by $1 in Singapore but decreased by $1 in Fujairah and $5 in Houston. The MDI index in Rotterdam remained unchanged, in Singapore hit the $100 mark, and in Houston approached a 100-percent correlation mark between market price and MABUX digital benchmark.
We expect a slight upward movement to prevail in the Global bunker market on Dec.30: 380 HSFO – plus 2-4 USD/MT, VLSFO – plus 2-5 USD/MT, MGO LS – plus 3-8 USD/MT.
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