- No sustainable trend observed in the global bunker market as of January 17th.
- The MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, exhibited irregular changes on Jan.16 with no firm trends.
- Houston remained the only overcharged port, with the overprice premium narrowing by $1.
- Fujairah continued to be the only overcharged port, with the margin increasing by $6.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO, and MGO) changed irregularly with no firm rends on Jan.16:
380 HSFO – USD/MT – 504.01 (-0.67)
VLSFO – USD/MT – 634.93 (-1.57)
MGO – USD/MT – 888.42 (+0.91)
HSFO Overpriced
As of Jan.16, 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 still the only overcharged port, with the overprice premium narrowing further by $1 and approaching a 100 percent correlation mark between market price and digital benchmark. The other three selected ports remained in the undercharge zone, with underpricing premiums narrowing by $1 in Rotterdam and $ 1 in Fujairah but widening by $1 in Singapore.
VLSFO Overpriced
– VLSFO segment: Rotterdam was the sole underpriced port, with the ratio decreasing by $3. The other three ports remained overcharged, with premiums increasing by $1 in Singapore, but decreasing by $5 in Fujairah and $1 in Houston.
MGO LS Overpriced
– MGO LS segment: Fujairah continued to be the only overcharged port, with the margin increasing by $6. The other three selected ports remained undercharged. The underprice ratio decreased by $5 in Rotterdam, $16 in Singapore, and $6 in Houston.
We do not expect a sustainable trend in the Global bunker market on Jan.17: 380 HSFO – plus-minus 0-2 USD/MT, VLSFO – plus-minus 0-2 USD/MT, MGO LS – plus-minus 2-8 USD/MT.
Did you subscribe to our daily Newsletter?
It’s Free! Click here to Subscribe
Source: MABUX
