Bunker Global Open Directory News
2025-01-22MABUX: Downward trend to continue in Global bunker market on Jan.22.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued trending lower on Jan.21:
380 HSFO - USD/MT - 541.40 (-1.70)
VLSFO - USD/MT – 628.46 (-2.46)
MGO - USD/MT – 811.08 (-4.94)
As of Jan.21, 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 remained the only overcharged port, with the overprice margin increasing by another $4. The other three ports were undercharged, though the gap narrowed further by $6 in Rotterdam, $4 in Fujairah, and $6 in Houston.
• VLSFO segment: All four selected ports were in the undercharge zone. The undeprice premium dropped further by $6 in Rotterdam, $2 in Singapore, and $3 in Fujairah. The MDI in Houston remained unchanged, while Singapore almost reached a 100-percent correlation mark between MDP and DBP.
• MGO LS segment: Rotterdam shifted to the overcharge zone, with the overprice ratio rising by $8. Singapore, Fujairah, and Houston remained underpriced, with the undervalue increasing by $5, dropping by $5, and rising by $5, respectively. Fujairah’s MDI remained above the $100 mark.
We expect the Global bunker market to continue its downward trend on Jan.22: 380 HSFO – minus 1-3 USD/MT, VLSFO –minus 2-4 USD/MT, MGO LS – minus 3-7 USD/MT.
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