Global Bunker Market Expected To Sustain Uptrend

• The MABUX World Bunker Index exhibited a consistent uptrend throughout the week ending Jan. 26, with positive movement for four consecutive days.
• The MBP/DBP Index monitors the correlation between market bunker prices and the MABUX digital bunker price benchmark at selected ports (Rotterdam, Singapore, Fujairah, and Houston).
• Anticipated sustained uptrend in the Global bunker market:

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO, and MGO) maintained a robust uptrend throughout the week ending Jan.26, marking the fourth consecutive day of positive movement:

380 HSFO – USD/MT – 510.08 (+5.71)

VLSFO – USD/MT – 663.92 (+8.56)

MGO – USD/MT – 903.98 (+8.59)

HSFO Shifts

As of Jan.26, the MABUX MBP/DBP Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has highlighted the following trends at four selected ports: Rotterdam, Singapore, Fujairah, and Houston.

– HSFO segment: All four selected ports continued to be in the undercharge zone, with the underprice premium expanding by $2 in Rotterdam, $8 in Singapore, $5 in Fujairah and $10 in Houston.

VLSFO Shifts

– VLSFO segment: Houston has shifted to the undercharge zone, joining Rotterdam, with the ratio rising by $4 in Rotterdam and $11 in Houston. The other two selected ports remained overpriced, with margins decreasing by $5 in Singapore and $5 in Fujairah.

MGO LS Shifts

– MGO LS segment: All four selected ports were undercharged. Undercharge premiums have risen by $13 in Rotterdam, $8 in Singapore, $12 in Fujairah, and $25 in Houston.

We expect a sustained uptrend to continue in the Global bunker market on Jan.29: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 3-6 USD/MT, MGO LS – plus 4-10 USD/MT.

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Source: MABUX

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