- Rotterdam, Singapore, Fujairah: Undercharged, premiums narrowed by $4 (Rotterdam), $5 (Fujairah), widened by $5 (Singapore).
- Singapore, Fujairah: Overcharged, premiums increased by $1 (Singapore), $6 (Houston), decreased by $1 (Fujairah).
- Houston: Approaching 100% correlation point.
The MABUX World Bunker Index, calculated from current prices for 380 HSFO, VLSFO, and MGO, exhibited erratic fluctuations without a consistent trend on January 11th.
380 HSFO – USD/MT – 506.01 (-5.59)
VLSFO – USD/MT – 633.96 (-3.83)
MGO – USD/MT – 881.80 (+0.07)
HSFO Index
As of Jan.11, 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 remained the only overcharged port, with the overprice premium narrowing further by $2. The other three selected ports were undercharged, with underpricing premiums narrowing by $4 in Rotterdam and $5 in Fujairah but widening by $5 in Singapore.
VLSFO Index
– VLSFO segment: Houston has shifted back to the overcharge zone, joining Singapore and Fujairah. The overpricing margins increased by $1 in Singapore and $6 in Houston but decreased by $1 in Fujairah. Rotterdam remained the only underpriced port in this fuel segment, with premium increasing by $1.
MGO LS Index
– MGO LS segment: Fujairah continued to be the only overcharged port, with the ratio decreasing further by $1. The other three selected ports continued to be undercharged. The underprice ratio increased by $6 in Rotterdam, decreased by $20 in Houston and remained unchanged in Singapore. Houston has approached the 100 percent correlation point between market price and the digital benchmark.
We expect Global bunker indices to demonstrate a sustainable uptrend on Jan.12: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 2-4 USD/MT, MGO LS – plus 5-12 USD/MT.
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Source: MABUX
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