Bunker Global Open Directory News
2025-02-04MABUX: Global bunker market to trend higher on Feb.04.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), changed sideways on Feb.03:
380 HSFO - USD/MT - 529.85 (-2.75)
VLSFO - USD/MT – 620.19 (-0.17)
MGO - USD/MT – 785.99 (+0.80)
As of Feb.03, the MABUX Market Differential Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), observed the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Singapore remained the only overcharged port, with the overcharge rising by $2. The other three ports were undercharged, with the gap narrowing by $1 in Rotterdam, Fujairah and Houston. The MDI in Rotterdam remained unchanged.
• VLSFO segment: Rotterdam and Singapore were in the overcharge zone, with margins increasing by $8 in Rotterdam but decreasing by $1 in Singapore. Fujairah and Houston stayed undercharged, with the discount shrinking by $9 and $2, respectively. The MDI in Singapore neared a 100-percent correlation mark between MBP and DBP.
• MGO LS segment: All four selected ports were undercharged. The underprice increased by $4 in Singapore, $5 in Fujairah, and $22 in Houston. The MDI in Rotterdam remained unchanged, with both Rotterdam and Singapore nearing full correlation between MBP and DBP, while Fujairah still remained slightly below the $100 mark.
We expect Global bunker market to trend higher on Feb.04: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 2-4 USD/MT, MGO LS – plus 3-8 USD/MT.
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