On January 24th, the MABUX World Bunker Index, derived from current prices for 380 HSFO, VLSFO, and MGO, experienced a modest upward trend.
380 HSFO – USD/MT – 502.49 (+0.61)
VLSFO – USD/MT – 651.49 (+4.01)
MGO – USD/MT – 894.19 (+3.64)
HSFO Shifts
As of Jan.24, 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 continued to be undercharged, with the underprice premium narrowing by $7 in Rotterdam, $2 in Fujairah, and $6 in Houston but widening by $4 in Singapore. MDI index in Fujairah remains above the $100 mark.
VLSFO Shifts
– VLSFO segment: Houston has shifted to the overcharge zone, joining Singapore and Fujairah. Overprice premiums increased by $10 in Singapore, $4 in Fujairah, and $8 in Houston. Rotterdam remained the only underpriced port in this fuel segment, with the ratio dropping by $6.
MGO LS Shifts
– MGO LS segment: All four selected ports are currently in the undercharge zone. Undercharge margins have risen by $9 in Rotterdam, $3 in Singapore, and $13 in Fujairah but dropped by $1 in Houston.
We expect a slight upward trend to persist in the Global bunker market on Jan.25: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-4 USD/MT, MGO LS – minus 1-3 USD/MT.
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Source: MABUX
