- Anticipation of an upward shift in global bunker indices on January 10th.
- Houston, Singapore, Fujairah: Overcharge zone with premiums increasing by $18, $15, and $11 respectively.
- Fujairah: Overcharged with a premium increase of $12.
On January 9th, the MABUX World Bunker Index, calculated from prevailing prices of 380 HSFO, VLSFO, and MGO, continued its downward trend.
380 HSFO – USD/MT – 509.83 (-5.59)
VLSFO – USD/MT – 635.29 (-6.42)
MGO – USD/MT – 874.73 (-5.73)
HSFO Insights
As of Jan.09, 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 is currently in the overcharge zone, experiencing a widening overprice premium of $11.The other three selected ports remained undercharged, with underpricing premiums narrowing by $7 in Rotterdam and $10 in Singapore but widening by $1 in Fujairah.
VLSFO Insights
– VLSFO segment: Houston has shifted to the overcharge zone and joined Singapore and Fujairah. Overpricing premiums increased by $15 in Singapore, $11 in Fujairah, and $18 in Houston. Rotterdam remained the only underpriced port in this fuel segment, with the premium decreasing by $9.
MGO LS Insights
– MGO LS segment: Fujairah was the only overcharged port, with the premium increasing by $12. The other three selected ports were undercharged. The underprice ratio decreased by $9 in Rotterdam, $8 in Singapore and $15 in Houston.
We expect the Global bunker indices to shift to upward evolution on Jan.10: 380 HSFO – plus 3-7 USD/MT, VLSFO – plus 4-8 USD/MT, MGO LS – plus 7-17 USD/MT.
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Source: MABUX
