Bunker Global Open Directory News
2025-01-03MABUX: Global bunker market to resume upward movement on Jan.03.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), changed insignificant and irregular on Jan.02:
380 HSFO - USD/MT - 523.49 (-0.74)
VLSFO - USD/MT – 599.24 (-0.39)
MGO - USD/MT – 764.96 (+2.21)
As of Jan.02, the MABUX Market Differential Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), showed an undercharge across all major bunker fuel types in key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: The underprice premium rose by $1 in Rotterdam, $6 in Singapore, $1 in Fujairah, and $5 in Houston.
• VLSFO segment: The undervaluation widened further by $3 in Rotterdam, $3 in Singapore, $6 in Fujairah, and $8 in Houston.
• MGO LS segment: The undercharge increased by $4 in Rotterdam, $4 in Fujairah, and $5 in Houston but decreased by $1 in Singapore. The MDI in both Rotterdam and Singapore stayed well above the $100 mark, while Fujairah approached this level.
We expect Global bunker market to resume upward movement on Jan.03: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 3-7 USD/MT, MGO LS – plus 5-9 USD/MT.
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