- Expected to remain stable after a previous upward shift.
- Calculated based on current prices for 380 HSFO, VLSFO, and MGO.
- Houston: Overcharged, narrowing premium by $17.
- Other ports undercharged, with premiums widening by $2 in Rotterdam, $6 in Singapore, and $7 in Fujairah.
On January 10, there was a marginal upward shift in the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO.
380 HSFO – USD/MT – 511.60 (+1.77)
VLSFO – USD/MT – 637.79 (+2.50)
MGO – USD/MT – 881.73 (+7.00)
HSFO Index
As of Jan.10, 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 is the only overcharged port so far, with the overprice premium narrowing by $17.The other three selected ports remained undercharged, with underpricing premiums widening by $2 in Rotterdam, $6 in Singapore, and $7 in Fujairah.
VLSFO Index
– VLSFO segment: Houston has returned to the undercharge zone, joining Rotterdam. The underpricing margins rose by $8 in Rotterdam and $6 in Houston. Singapore and Fujairah remained overpriced, with the ratio decreasing by $9 in Singapore and $10 in Fujairah.
MGO LS Index
– MGO LS segment: Fujairah remained the only overcharged port, with the premium decreasing by $12. The other three selected ports remained undercharged. The underprice ratio increased by $17 in Rotterdam, $12 in Singapore, and $13 in Houston.
We do not anticipate a sustainable trend in the Global bunker market on Jan.11: 380 HSFO – minus 1-4 USD/MT, VLSFO – minus 2-5 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
