Bunker Global Open Directory News
2025-01-17MABUX: Global bunker indices to reverse downward on Jan.17.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), turned to an upward trend on Jan.16:
380 HSFO - USD/MT - 544.11 (+6.32)
VLSFO - USD/MT – 632.76 (+11.12)
MGO - USD/MT – 814.93 (+10.97)
As of Jan.16, 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 register underpricing status across all major bunker fuel types in key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: The underprice premium widened by $5 in Rotterdam, $2 in Singapore, $3 in Fujairah, and $5 in Houston. The MDI in Singapore remained close to a 100-percent correlation mark between MBP and DBP.
• VLSFO segment: The undervaluation rose by $7 in Rotterdam, $10 in Singapore, $7 in Fujairah, and $15 in Houston.
• MGO LS segment: The undercharge margins increased by $10 in Rotterdam, $8 in Singapore, $12 in Fujairah and $19 in Houston. Fujairah’s MDI remained above the $100 mark.
We expect Global bunker indices to shift to a downward movement on Jan.17: 380 HSFO – minus 2-5 USD/MT, VLSFO –minus 3-16 USD/MT, MGO LS – minus 1-5 USD/MT.
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