Bunker Global Open Directory News
2025-01-13MABUX: Global bunker indices to continue sustainable upward trend on Jan.13.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), trended upward on Jan.10:
380 HSFO - USD/MT - 525.63 (+4.49)
VLSFO - USD/MT – 607.95 (+4.44)
MGO - USD/MT – 780.20 (+8.43)
As of Jan.10, the MABUX Market Differential Index (MDI), comparing market bunker prices (MBP) with the MABUX Digital Bunker Price Benchmark (DBP), registered underpricing across all major bunker fuel types in key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: The underprice margin widened by $3 in Rotterdam and $1 in Fujairah, stayed unchanged in Singapore, and narrowed by $8 in Houston.
• VLSFO segment: Undervaluation remained unchanged in Rotterdam, decreased by $1 in Singapore and $3 in Houston, and increased by $3 in Fujairah.
• MGO LS segment: The undercharge rose by $10 in Rotterdam, $8 in Singapore, and $9 in Fujairah, but dropped by $7 in Houston. The MDI for Singapore and Fujairah exceeded the $100 mark again, while in Houston, it approached a 100-percent correlation threshold between MBP and DBP.
We expect a sustainable upward trend to continue in the Global bunker market on Jan.13: 380 HSFO – plus 5-10 USD/MT, VLSFO – plus 5-14 USD/MT, MGO LS – plus 7-18 USD/MT.
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