Bunker Global Open Directory News
2024-12-31MABUX: Slight upward trend to continue in Global bunker market on Dec.31.
HAPPY NEW YEAR!
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), shifted to an upward trend on Dec.30:
380 HSFO - USD/MT - 521.68 (+1.89)
VLSFO - USD/MT – 595.67 (+3.78)
MGO - USD/MT – 757.46 (+6.17)
As of Dec.30, the MABUX Market Differential Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), indicated an undercharge across all major bunker fuel types in key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: The underprice premium rose by $6 in Rotterdam, $2 in Singapore, $3 in Fujairah, and $4 in Houston.
• VLSFO segment: Undervaluation widened by $3 in Rotterdam, Singapore, and Fujairah, but narrowed by $2 in Houston.
• MGO LS segment: The undercharge increased by $5 in Rotterdam, $3 in Fujairah and Houston, but decreased by $1 in Singapore. The MDI in Rotterdam remained above the $100 mark, while it dropped below this level in Singapore. The MDI in Houston stayed close to a 100-percent correlation mark between market price and MABUX digital benchmark.
We expect an upward evolution to continue in the Global bunker market on Dec.31: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus 3-9 USD/MT.
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