Variable Trends Define Global Bunker Market Dynamics

By
Mfame Editor
-
249

On January 23, there was a marginal uptick observed in the MABUX World Bunker Index, which is calculated using prevailing prices for 380 HSFO, VLSFO, and MGO.

380 HSFO – USD/MT – 501.88 (+0.47)

VLSFO – USD/MT – 647.48 (+4.55)

MGO – USD/MT – 890.55 (+1.16)

HSFO Undercharge

As of Jan.23, the MABUX MBP/DBP Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), has revealed the following trends at four selected ports: Rotterdam, Singapore, Fujairah, and Houston.

– HSFO segment: All four selected ports remained undercharged, with the underprice premium widening further by $7 in Rotterdam, $4 in Singapore, $3 in Fujairah, and $13 in Houston. MDI index in Fujairah exceeded the $100 mark.

VLSFO Undercharge

– VLSFO segment: Rotterdam and Houston were in the undercharge zone, with the underprice ratio increasing by $3 in Rotterdam and remaining unchanged in Houston. Singapore and Fujairah continued to be overcharged, with the premium decreasing by $9 in Singapore and $10 in Fujairah.

MGO LS Undercharge

– MGO LS segment: All four selected ports stayed in the undercharge zone. The undercharge margins have dropped by $2 in Rotterdam, have risen by $3 in Fujairah, and remained unchanged in Singapore and Houston.

We expect Global bunker indices to shift to a rangebound phase on Jan.24: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 1-4 USD/MT, MGO LS – plus-minus 1-8 USD/MT.

Did you subscribe to our daily Newsletter?

It’s Free! Click here to Subscribe

Source: MABUX

11 COMMENTS

  1. First off I want to say fantastic blog! I had a quick question which I’d like to ask
    if you don’t mind. I was curious to know
    how you center yourself and clear your thoughts prior to
    writing. I’ve had a difficult time clearing my thoughts in getting my thoughts out.

    I do enjoy writing but it just seems like the first 10 to 15 minutes are wasted just trying to figure out how to begin. Any
    recommendations or hints? Appreciate it! I saw similar here: Sklep internetowy

  3. I think this is among the most significant info for me.
    And i’m glad reading your article. But wanna remark on few general things, The web
    site style is great, the articles is really excellent :
    D. Good job, cheers I saw similar here: najlepszy sklep and also here:
    najlepszy sklep

  4. We’re a gaggle of volunteers and starting a brand new scheme in our community.
    Your website offered us with useful information to work on.
    You’ve done an impressive process and our entire community will likely be thankful
    to you. I saw similar here: ecommerce and also here: dobry sklep

  6. My partner and I absolutely love your blog and find a lot
    of your post’s to be precisely what I’m looking for.
    can you offer guest writers to write content for yourself? I wouldn’t
    mind writing a post or elaborating on most of the subjects
    you write in relation to here. Again, awesome web site!!

  7. Pretty section of content. I just stumbled upon your website and in accession capital to assert that I get in fact enjoyed account your
    blog posts. Anyway I will be subscribing to your augment
    and even I achievement you access consistently quickly.
    I saw similar here: sklep online and also here: ecommerce

  9. Piece of writing writing is also a excitement, if you be familiar
    with afterward you can write or else it is complex to write.

    I saw similar here: ecommerce and also here: e-commerce

  10. We stumbled over here by a different web address and
    thought I may as well check things out. I like what I see
    so now i’m following you. Look forward to looking at your
    web page repeatedly. I saw similar here: sklep and also here: sklep internetowy

  11. Fantastic blog you have here but I was curious if you knew of any forums
    that cover the same topics talked about in this
    article? I’d really like to be a part of community where I can get feedback from other experienced
    individuals that share the same interest. If you have any recommendations, please let me know.

    Cheers! infinitara.top

Comments are closed.