- The MABUX World Bunker Index, derived from current prices for 380 HSFO, VLSFO, and MGO, exhibited a slight downtrend at the close of the Jan. 15 trading session.
- Monitoring market bunker prices (MBP) against the MABUX digital bunker price benchmark (DBP) across Rotterdam, Singapore, Fujairah, and Houston.
- Expectation for Global bunker indices to decline on Jan. 16: 380 HSFO (minus 0-2 USD/MT), VLSFO (minus 0-2 USD/MT), MGO LS (minus 1-4 USD/MT).
After the trading session on January 15th, the MABUX World Bunker Index, calculated from current prices for 380 HSFO, VLSFO, and MGO, experienced a slight downtrend shift.
380 HSFO – USD/MT – 504.68 (-2.24)
VLSFO – USD/MT – 636.50 (-1.08)
MGO – USD/MT – 887.51 (-0.37)
HSFO Index
As of Jan.15, the MABUX MBP/DBP Index (MDI), monitoring 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 remained the only overcharged port, with the overprice premium narrowing by an additional $12. The other three selected ports were in the undercharge zone, with underpricing premiums widening further by $20 in Rotterdam, $4 in Singapore, and $9 in Fujairah.
VLSFO Index
– VLSFO segment: Rotterdam was the sole underpriced port, with the ratio increasing further by $18. The other three ports remained overcharged, with premiums decreasing by $8 in Singapore, $5 in Fujairah, and $2 in Houston.
MGO LS Index
– MGO LS segment: Fujairah continued to be the only overcharged port, with the margin decreasing further by $4 and approaching a 100 percent correlation mark between market price and the digital benchmark. The other three selected ports remained undercharged. The underprice ratio increased by $1 in Singapore but decreased by $3 in Houston. MDI index in Rotterdam remained unchanged.
We expect Global bunker indices to drift lower on Jan.16: 380 HSFO – minus 0-2 USD/MT, VLSFO – minus 0-2 USD/MT, MGO LS – minus 1-4 USD/MT.
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Source: MABUX
