Bunker Global Open Directory News

2025-01-06

MABUX: No sustainable trend in Global bunker market on Jan.06.

MABUX: No sustainable trend in Global bunker market on Jan.06.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), changed irregular with no firm trend on Jan.03:

380 HSFO - USD/MT - 523.14 (-0.35)

VLSFO - USD/MT – 601.73 (+2.49)

MGO - USD/MT – 767.88 (+2.92)

As of Jan.03, the MABUX Market Differential Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), continued to reflect underpricing across all major bunker fuel types in key ports: Rotterdam, Singapore, Fujairah, and Houston:

• HSFO segment: The underprice margin continued rising by $6 in Rotterdam, $4 in Singapore, $7 in Fujairah, and $13 in Houston.

• VLSFO segment: Undervaluation expanded further by $8 in Rotterdam, $7 in Singapore, $7 in Fujairah, and $9 in Houston.

• MGO LS segment: The undercharge increased by $14 in Rotterdam, $6 in Singapore, $6 in Fujairah, and $7 in Houston. The MDI in both Rotterdam and Singapore remained above the $100 mark, with Fujairah also exceeding this threshold.

We do not expect a sustainable trend in the Global bunker market on Jan.06: 380 HSFO – plus 2-4 USD/MT, VLSFO – plus 3-5 USD/MT, MGO LS – minus 1-5 USD/MT.

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