Bunker Global Open Directory News
2025-01-08MABUX: Global bunker indices to continue irregular fluctuations on Jan.08.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued to move sideways on Jan.07:
380 HSFO - USD/MT - 519.48 (-2.69)
VLSFO - USD/MT – 601.24 (-1.16)
MGO - USD/MT – 770.19 (+2.73)
As of Jan.07, the MABUX Market Differential Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), observed underpricing across all major bunker fuel types in key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: The underprice margin increasing by $13 in Rotterdam, $5 in Singapore, and $1 in Fujairah but decreased by $1 in Houston.
• VLSFO segment: Undervaluation widened further by $3 in Rotterdam, $1 in Singapore, and $1 in Fujairah, while it narrowed by $1 in Houston.
• MGO LS segment: The undercharge rose by $5 in Singapore and $1 in Fujairah but dropped by $7 in Houston. The MDI in Rotterdam remained unchanged. The indices for Rotterdam, Singapore, and Fujairah stayed above the $100 mark.
We expect Global bunker indices to continue changing irregular on Jan.08: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 2-4 USD/MT, MGO LS – plus-minus 2-4 USD/MT.
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