- The MABUX World Bunker Index, based on current prices for 380 HSFO, VLSFO, and MGO, shifted to a downward correction on January 5th.
- MABUX MBP/DBP Index (MDI) observed trends in the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP) across selected ports: Rotterdam, Singapore, Fujairah, and Houston.
- Houston: Undercharged port, underpricing ratio widened by $11.
HSFO Pricing Shifts
On January 5th, the MABUX World Bunker Index, computed from prevailing prices of 380 HSFO, VLSFO, and MGO, experienced a downward correction.
380 HSFO – USD/MT – 519.88 (-2.66)
VLSFO – USD/MT – 646.42 (-4.77)
MGO – USD/MT – 881.46 (-13.17)
As of Jan. 05, the MABUX MBP/DBP Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), observed the following trends across four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: Houston continued to be in the overcharge zone, with the overprice premium narrowing by $1. The other three selected ports were in the undercharge area, with the underpricing premiums narrowing by $1 in Rotterdam and $3 in Singapore, but widening by $14 in Fujairah.
VLSFO Pricing Shifts
– VLSFO segment: Rotterdam and Houston experienced underpricing, with premiums increasing by 1 in Rotterdam and decreasing by $1 in Houston. Singapore and Fujairah were overcharged, with overpricing margins rising by $1 in Singapore and $4 in Fujairah.
MGO LS Pricing Shifts
– MGO LS segment: Fujairah was the only overcharged port with premium decreasing by $1. The other three selected ports remained undercharged. The underprice ratio narrowed by $7 in Rotterdam and $18 in Singapore but widened by $11 in Houston.
We expect the uptrend to prevail in the Global bunker market on Jan.08: 380 HSFO – plus 3-7 USD/MT, VLSFO – plus 4-8 USD/MT, MGO LS – plus 4-9 USD/MT.
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Source: MABUX
