- Anticipation of a continued slight upward trend in the global bunker market on January 15.
- MDI tracks the correlation between market bunker prices (MBP) and MABUX digital bunker price benchmark (DBP) across Rotterdam, Singapore, Fujairah, and Houston.
- Houston: Overcharged port with overprice premium narrowing by $2.
On January 12, the MABUX World Bunker Index, calculated from prevailing prices for 380 HSFO, VLSFO, and MGO, exhibited an upward trajectory.
380 HSFO – USD/MT – 506.92 (+0.91)
VLSFO – USD/MT – 637.58 (+3.62)
MGO – USD/MT – 887.88 (+6.08)
HSFO Pricing Shifts
As of Jan.12, the MABUX MBP/DBP Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has registered the following trends across four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: Houston was the only overcharged port, with the overprice premium narrowing further by $2. The other three selected ports remained undercharged, with underpricing premiums widening by $4 in Rotterdam, $3 in Singapore and $1 in Fujairah.
VLSFO Pricing Shifts
– VLSFO segment: Rotterdam was the only underpriced port, with ratio increasing by $2. The other three ports were overcharged with premiums increasing by $4 in Singapore and $3 in Houston. The MDI index in Fujairah remained unchanged.
MGO LS Pricing Shifts
– MGO LS segment: Fujairah continued to be the only overcharged port, with the margin decreasing further by $13. The other three selected ports were undercharged. The underprice ratio decreased by $1 in Rotterdam but increased by $1 in Singapore and $18 in Houston.
We expect a slight uptrend to continue in the Global bunker market on Jan.15: 380 HSFO – plus 2-4 USD/MT, VLSFO – plus 3-5 USD/MT, MGO LS – plus-minus 1-3 USD/MT.
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Source: MABUX
