Bunker Global Open Directory News

2025-01-20

MABUX: No firm trend is expected in Global bunker market on Jan.20.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed a slight downward movement on Jan.17:

380 HSFO - USD/MT - 543.38 (-0.73)

VLSFO - USD/MT – 631.48 (-1.28)

MGO - USD/MT – 815.63 (-0.01)

As of Jan.17, the MABUX Market Differential Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), revealed the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:

• HSFO segment: Singapore moved into the overcharge zone, with the overcharge margin rising by $10. The other three ports continued to be undercharged, with the gap narrowing by $3 in Rotterdam, $7 in Fujairah, and $ $7 in Houston.

• VLSFO segment: All four selected ports were underpriced. The undervaluation dropped by $3 in Rotterdam, $12 in Singapore, $8 in Fujairah, and $10 in Houston. Singapore approached a 100-percent correlation mark between MDP and DBP.

• MGO LS segment: All four ports stayed in the undercharge zone, with the premium declining by $10 in Rotterdam, $7 in Singapore, $7 in Fujairah and $1 in Houston. Rotterdam and Singapore neared the 100-percent correlation threshold between MDP and DBP, while Fujairah’s MDI remained above the $100 mark.

We do not expect a sustainable trend in the Global bunker market on Jan.20: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO –plus-minus 2-5 USD/MT, MGO LS – plus-minus 1-3 USD/MT.

www.mabux.com