Global Bunker Market Set For Upward Evolution

By
Mfame Editor
-
295

  • The Global Bunker Market is anticipated to undergo an upward evolution.
  • The MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, showed no sustainable trend and shifted sideways on January 22nd.
  • Trends observed at selected ports (Rotterdam, Singapore, Fujairah, Houston) for HSFO, VLSFO, and MGO LS segments.
  • Undercharging was noted in all ports, with the underprice premium widening in Rotterdam and Singapore but narrowing in Houston.
  • All ports are in the undercharge zone, with varying undercharge margins.

The MABUX World Bunker Index, determined by current prices for 380 HSFO, VLSFO, and MGO, lacked a consistent trend and exhibited sideways movement on January 22nd.

380 HSFO – USD/MT – 501.41 (-2.23)

VLSFO – USD/MT – 642.93 (+0.70)

MGO – USD/MT – 889.39 (-0.15)

HSFO Shifts

As of Jan.22, the MABUX MBP/DBP Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has revealed the following trends at four selected ports: Rotterdam, Singapore, Fujairah, and Houston.

– HSFO segment: All four selected ports experienced undercharging, with underprice premium widening further by $4 in Rotterdam, $6 in Singapore, and $4 in Fujairah, but narrowing by $1 in Houston.

VLSFO Shifts

– VLSFO segment: Rotterdam and Houston remained in the undercharge zone, with the underprice ratio decreasing by $6 in Rotterdam and $5 in Houston. Singapore and Fujairah continued to be overcharged, with the premium increasing further by $3 in Singapore and $12 in Fujairah.

MGO LS Shifts

– MGO LS segment: All four selected ports were in the undercharge zone. The undercharge margins have risen further by $4 in Rotterdam, $11 in Singapore, and $11 in Fujairah, but dropped by $9 in Houston.

We expect Global bunker indices to show a sustained upward evolution on Jan.23: 380 HSFO – plus 2-7 USD/MT, VLSFO – plus 3-9 USD/MT, MGO LS – plus 2-8 USD/MT.

Did you subscribe to our daily Newsletter?

It’s Free! Click here to Subscribe

Source: MABUX

10 COMMENTS

  3. We’re a bunch of volunteers and opening a brand new
    scheme in our community. Your web site provided us with useful information to work on. You’ve performed a formidable job and our entire neighborhood will likely be thankful to you.
    I saw similar here: dobry sklep and also here: e-commerce

  5. Oh my goodness! Amazing article dude! Thank you, However
    I am encountering troubles with your RSS. I don’t understand
    why I am unable to join it. Is there anybody else getting similar RSS issues?
    Anyone that knows the answer can you kindly respond?
    Thanks!! You can see similar: dobry sklep and here
    najlepszy sklep

  6. It is in reality a great and useful piece of info. I am glad that you just
    shared this helpful information with us. Please keep us informed
    like this. Thank you for sharing. I saw similar
    here: sklep internetowy and also here: najlepszy sklep

  8. The other day, while I was at work, my cousin stole my apple ipad
    and tested to see if it can survive a twenty five foot drop, just
    so she can be a youtube sensation. My apple ipad
    is now destroyed and she has 83 views. I know this is completely off topic but
    I had to share it with someone!!

  9. Wow, superb blog format! How lengthy have you been blogging for?
    you made running a blog glance easy. The total glance of your website is fantastic, let alone the content!
    You can see similar: e-commerce and here sklep internetowy

  10. I loved as much as you will receive carried out right here The sketch is tasteful your authored subject matter stylish nonetheless you command get got an edginess over that you wish be delivering the following unwell unquestionably come further formerly again as exactly the same nearly very often inside case you shield this hike

Comments are closed.