Bunker Global Open Directory News
2025-01-09MABUX: Global bunker indices to shift to downward trend on Jan.09.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed a slight upward evolution on Jan.08:
380 HSFO - USD/MT - 521.15 (+1.67)
VLSFO - USD/MT – 604.79 (+3.55)
MGO - USD/MT – 771.13 (+0.94)
As of Jan.08, the MABUX Market Differential Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), continued to indicate underpricing across all major bunker fuel types in key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: The underprice margin widened further by $12 in Rotterdam, $3 in Fujairah, and $10 in Houston. The MDI in Rotterdam remained unchanged.
• VLSFO segment: Undervaluation stayed steady in Rotterdam but decreased by $3 in Singapore, $1 in Fujairah, and $2 in Houston.
• MGO LS segment: The undercharge dropped by $8 in Rotterdam, $2 in Singapore, and $3 in Fujairah, while it rose by $6 in Houston. The indices for Rotterdam, Singapore, and Fujairah stayed above the $100 mark.
We expect Global bunker indices to demonstrate a slight downward movement on Jan.09: 380 HSFO – minus 2-4 USD/MT, VLSFO – minus 2-5 USD/MT, MGO LS – minus 3-5 USD/MT.
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