Bunker Global Open Directory News
2025-01-15MABUX: Global bunker indices to reverse to downward trend on Jan.15.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued upward movement on Jan. 14 for the third consecutive day:
380 HSFO - USD/MT - 540.37 (+2.60)
VLSFO - USD/MT – 624.45 (+3.24)
MGO - USD/MT – 806.27 (+5.81)
As of Jan.14, the MABUX Market Differential Index (MDI), which monitors 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 ratio narrowed by $17 in Rotterdam and $16 in Singapore but widened by $3 in Fujairah and $2 in Houston. The MDI in Singapore approached a 100-percent correlation mark between MBP and DBP.
• VLSFO segment: Undervaluation dropped by $47 in Rotterdam and $10 in Singapore but rose by $4 in Fujairah and $13 in Houston.
• MGO LS segment: The undercharge premium decreased by $118 in Rotterdam and $81 in Singapore but increased by $7 in Fujairah and $9 in Houston. The MDI in Fujairah remained above the $100 mark, while in Rotterdam, it fell below the $100 threshold. In Singapore, the MDI approached a 100-percent correlation between MBP and DBP.
We expect Global bunker indices to shift to a downward trend on Jan.15: 380 HSFO – minus 3-5 USD/MT, VLSFO – minus 3-7 USD/MT, MGO LS – minus 2-8 USD/MT.
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