Irregular Fluctuations In Global Bunker Indices Forecasted To Persist In The Market

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  • All four selected ports are in the undercharge zone.
  • Underprice premium widened by $5 in Rotterdam, $2 in Singapore, $4 in Fujairah, and $10 in Houston.
  • Fujairah returned to the undercharge zone, joining the other three ports.
  • The overcharge margin rose by $9 in Rotterdam, $7 in Singapore, $14 in Fujairah, and $7 in Houston.

On January 19, a modest upward movement was observed in the MABUX World Bunker Index, calculated using current prices for 380 HSFO, VLSFO, and MGO.

380 HSFO – USD/MT – 503.64 (+2.01)

VLSFO – USD/MT – 642.23 (+5.80)

MGO – USD/MT – 889.54 (+3.85)

HSFO Overpriced

As of Jan.19, the MABUX MBP/DBP Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has indicated the following trends across four selected ports: Rotterdam, Singapore, Fujairah, and Houston.

– HSFO segment: All four selected ports remained in the undercharge zone, with the underprice premium widening by $5 in Rotterdam, $2 in Singapore, $4 in Fujairah, and $10 in Houston.

VLSFO Overpriced

– VLSFO segment: Rotterdam and Houston were in the undercharge zone, with underprice ratio increasing by $ 6 in Rotterdam and $7 in Houston. Singapore and Fujairah continue to be overcharged, with the premium increasing by $3 in Singapore and $5 in Fujairah.

MGO LS Overpriced

– MGO LS segment: Fujairah has returned to the undercharge zone, joining the other three selected ports. The overcharge margin has risen by $9 in Rotterdam, $7 in Singapore, $14 in Fujairah, and $7 in Houston.

We do not expect a sustainable trend in the Global bunker market on Jan.22: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 2-4 USD/MT, MGO LS – plus-minus 3-8 USD/MT.

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Source: MABUX

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