Bunker Global Open Directory News
2025-01-21MABUX: Global bunker indices to continue trending lower on Jan.21.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), exhibited minor fluctuations on Jan.20:
380 HSFO - USD/MT - 543.10 (-0.28)
VLSFO - USD/MT – 630.92 (-0.56)
MGO - USD/MT – 816.02 (+0.39)
As of Jan.20, the MABUX Market Differential Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), registered the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Singapore is the only overcharged port, with the overprice margin increasing by $1. The other three ports remained in the undercharge zone, though the gap narrowed by $1 in Rotterdam, $3 in Fujairah, and $2 in Houston.
• VLSFO segment: All four selected ports were underpriced. The undervaluation dropped further by $4 in Rotterdam, $2 in Singapore, $4 in Fujairah, and $4 in Houston. Singapore neared a 100-percent correlation mark between MDP and DBP.
• MGO LS segment: All four ports continued to be undercharged, with the premium declining by $6 in Rotterdam, $4 in Singapore, $2 in Fujairah and $2 in Houston. Rotterdam and Singapore are nearing the 100-percent correlation threshold between MDP and DBP, while Fujairah’s MDI remained above the $100 mark.
We expect a slight downward trend in the Global bunker market on Jan.21: 380 HSFO – minus 1-3 USD/MT, VLSFO –minus 2-4 USD/MT, MGO LS – minus 2-4 USD/MT.
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