Bunker Global Open Directory News

2025-01-16

MABUX: Global bunker indices to change direction to upward trend on Jan.16.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), exhibited a slight downward movement on Jan. 15:

380 HSFO - USD/MT - 537.79 (-2.58)

VLSFO - USD/MT – 621.64 (-2.81)

MGO - USD/MT – 803.96 (-2.31)

As of Jan.15, the MABUX Market Differential Index (MDI), which tracks the correlation between market bunker prices (MBP) and 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 ratio narrowed further by $2 in Rotterdam, $1 in Singapore, $3 in Fujairah, and $8 in Houston. The MDI in Singapore remained close to a 100-percent correlation mark between MBP and DBP.

• VLSFO segment: The undervaluation dropped by $3 in Rotterdam, $2 in Singapore, $5 in Fujairah, and $8 in Houston. Singapore’s MDI also approached a 100-percent correlation mark between MBP and DBP.

• MGO LS segment: The undercharge premium fell by $9 in Rotterdam, $2 in Singapore, $10 in Fujairah and $6 in Houston. The MDI in Rotterdam and Singapore neared a 100-percent correlation between MBP and DBP, while Fujairah remained above the $100 mark.

We expect Global bunker indices to reverse direction and trend upward on Jan.16: 380 HSFO – plus 5-10 USD/MT, VLSFO – plus 5-12 USD/MT, MGO LS – plus 7-15 USD/MT.

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