Bunker Global Open Directory News
2025-01-02MABUX: Global bunker market to continue slight upward trend on Jan.02.
HAPPY NEW YEAR!
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued a slight upward evolution on Dec.31:
380 HSFO - USD/MT - 523.15 (+1.47)
VLSFO - USD/MT – 598.37 (+2.70)
MGO - USD/MT – 761.44 (+3.98)
As of Dec.31, the MABUX Market Differential Index (MDI), tracking 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 Rotterdam but rose by $1 in Fujairah. The MDI in Singapore and Houston remained unchanged.
• VLSFO segment: Undervaluation widened by $1 in Fujairah, while no change was observed in Rotterdam, Singapore, or Houston.
• MGO LS segment: The undercharge increased by $9 in Rotterdam, $8 in Singapore, $12 in both Fujairah and Houston. The MDI in Rotterdam remained above the $100 mark, and it exceeded this level in Singapore.
We expect upward movement to continue in the Global bunker market on Jan.02: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 2-4 USD/MT, MGO LS – plus 1-4 USD/MT.
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