MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO, and MGO) demonstrated a steady downtrend on Feb.02:
380 HSFO – USD/MT – 509.93 (-2.52)
VLSFO – USD/MT – 667.63 (-6.42)
MGO – USD/MT – 904.64 (-12.92)
MDI
As of Feb.02, the MABUX MBP/DBP Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), indicated the following trends at four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: All four selected ports remained undercharged, with the underprice premium narrowing by $7 in Rotterdam, $14 in Singapore, and $17 in Fujairah, but widening by $2 in Houston. The MDI index in Fujairah still exceeds the $100 mark.
– VLSFO segment: Three selected ports continued to be overcharged, with the overprice ratio increasing by $13 in Singapore, $15 in Fujairah, and $11 in Houston. Rotterdam remained the only undercharged port, with the underprice premium narrowing further by $9.
– MGO LS segment: Houston was the only overcharged port in this fuel segment, with the overcharge margin increasing by $5. The other three selected ports were undercharged. Undercharge premiums have risen further by $19 in Rotterdam, $8 in Singapore and $15 in Fujairah. The underprice ratio in Rotterdam and Singapore remained above the $100 mark.
We expect Global bunker indices to continue a firm downward movement on Feb.05: 380 HSFO – minus 3-7 USD/MT, VLSFO – minus 4-8 USD/MT, MGO LS – minus 7-12 USD/MT.
Source: MABUX
