MABUX: Global bunker indices to change sideways with no clear trend on Feb.03.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed a slight upward movement on Jan.31:

380 HSFO - USD/MT - 532.60 (+0.53)

VLSFO - USD/MT – 620.36 (+0.28)

MGO - USD/MT – 785.19 (+0.07)

As of Jan.31, the MABUX Market Differential Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), revealed the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:

? HSFO segment: Singapore was the only overcharged port, with the overcharge dropping by $2. The other three ports were undercharged, with the gap rising by $2 in Fujairah and $5 in Houston. The MDI in Rotterdam remained unchanged.

? VLSFO segment: Rotterdam and Singapore were overcharged, with the overprice margin widening by $1 in Rotterdam but narrowing by $3 in Singapore. Fujairah and Houston stayed undercharged, with the discount increasing by $10 and $3, respectively. The MDI in Rotterdam remained near a 100-percent correlation mark between MBP and DBP.

? MGO LS segment: All four selected ports were in the undercharge zone. The underprice increased by $5 in Singapore and $6 in Houston but decreased by $2 in Fujairah. The MDI in Rotterdam remained unchanged, with both Rotterdam and Singapore staying near a 100-percent correlation mark between MBP and DBP, while Fujairah remained below the $100 mark.

We do not expect any firm trend in the Global bunker market on Feb.03: 380 HSFO – plus-minus 0-2 USD/MT, VLSFO – plus-minus 0-2 USD/MT, MGO LS – plus-minus 2-8 USD/MT.