Bunker Global Open Directory News

2025-02-05

MABUX: Global bunker indices to be mostly on downtrend on Feb.05.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued irregular fluctuations with no steady trend on Feb.04:

380 HSFO - USD/MT - 529.56 (-0.29)

VLSFO - USD/MT – 619.36 (-0.83)

MGO - USD/MT – 786.08 (+0.09)

As of Feb.04, the MABUX Market Differential Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), indicated the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:

• HSFO segment: Singapore was the only overcharged port, though the overcharge dropped by $3. The other three ports continued to be undercharged, with the gap decreasing by $1 in Rotterdam and $9 in Fujairah, while Houston saw a $1 increase in undercharge.

• VLSFO segment: Rotterdam and Singapore were overcharged, with margins increasing further by $4 in Rotterdam and $3 in Singapore. Fujairah and Houston stayed undercharged, with Fujairah’s discount unchanged, while Houston's undercharge widened by $14. The MDI in Singapore neared full correlation between MBP and DBP.

• MGO LS segment: All four selected ports remained in the undercharge zone. The underprice increased by $4 in Rotterdam, $8 in Singapore, and $25 in Houston, while Fujairah saw a $11 decrease in undercharge. The MDI in Rotterdam stayed close to full correlation between MBP and DBP, while Fujairah dropped below the $100 mark.

We expect Global bunker indices to remain mostly on a downward trajectory on Feb. 05: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 1-3 USD/MT, MGO LS – minus 2-5 USD/MT.

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