Bunker Global Open Directory News
2025-01-14MABUX: Firm upward movement to continue in Global bunker marker on Jan.14.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), maintained its upward momentum on Jan. 13, marking the second consecutive day of increases:
380 HSFO - USD/MT - 537.77 (+12.14)
VLSFO - USD/MT – 621.21 (+13.26)
MGO - USD/MT – 800.46 (+20.26)
As of Jan.13, the MABUX Market Differential Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), indicated underpricing across all major bunker fuel types in key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: The underprice ratio widened by $7 in Rotterdam and $2 in Houston, but narrowed by $9 in Singapore and $1 in Fujairah.
• VLSFO segment: Undervaluation rose by $10 in both Rotterdam and Fujairah, and by $7 in Houston. The MDI in Singapore remained unchanged.
• MGO LS segment: The undercharge margins grew by $17 in Rotterdam, $10 in Fujairah, and $7 in Houston, but decreased by $18 in Singapore, where the MDI dropped below the $100 mark.
We expect the Global bunker market to continue a firm upward trend on Jan.14: 380 HSFO – plus 3-9 USD/MT, VLSFO – plus 5-12 USD/MT, MGO LS – plus 5-15 USD/MT.
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