Bunker Global Open Directory News
2024-01-31MABUX: Global bunker indices to change irregular with no firm trend on Jan.31.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) continued a slight uptrend on Jan.30, marking the sixth consecutive day:
380 HSFO - USD/MT - 515.05 (+0.16)
VLSFO - USD/MT – 672.87 (+2.38)
MGO - USD/MT – 919.13 (+4.90)
As of Jan.30, the MABUX MBP/DBP Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), revealed the following trends at four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
- HSFO segment: All four selected ports remained undercharged, with the underprice premium narrowing by $6 in Rotterdam, $4 in Singapore, $1 in Fujairah and $5 in Houston. Overprice level in Fujairah exceeds the $100 mark.
- VLSFO segment: Three selected ports were overcharged, with the overprice ratio decreasing by $1 in Singapore and $1 in Fujairah, but increasing by $12 in Houston Rotterdam remained the only undercharged port, with the underprice premium narrowing by $8.
- MGO LS segment: All four selected ports were in the undercharge zone. Undercharge premiums have risen by $14 in Rotterdam, $20 in Singapore and $24 in Fujairah, but dropped by $13 in Houston. The MDI Index in Rotterdam exceeded the $100 mark.
We do not expect a firm trend in the Global bunker market on Jan.31: 380 HSFO –plus 2-5 USD/MT, VLSFO – plus 3-6 USD/MT, MGO LS – minus 3-7 USD/MT.
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