Bunker Global Open Directory News

2025-02-06

MABUX: Global bunker indices to continue downward trend on Feb.06.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), trended lower on Feb.05:

380 HSFO - USD/MT - 528.95 (-0.61)

VLSFO - USD/MT – 618.35 (-1.01)

MGO - USD/MT – 783.83 (-2.25)

As of Feb.05, the MABUX Market Differential Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), showed the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:

• HSFO segment: Singapore remained the only overcharged port, with the overcharge rising by $6. The other three ports were undercharged, with the gap narrowing further by $1 in Rotterdam, $1 in Fujairah, and $3 in Houston.

• VLSFO segment: Rotterdam and Singapore continued to be in the overcharge zone, with margins increasing further by $1 in Rotterdam, while Singapore remained unchanged. Fujairah and Houston stayed undercharged, with Fujairah’s premium increasing by $4 and Houston's undercharge shrinking by $13. The MDI in Singapore stayed close to a 100% correlation between MBP and DBP.

• MGO LS segment: All four selected ports were undercharged. The underprice decreased by $2 in Rotterdam, $5 in Singapore, $6 in Fujairah, and $10 in Houston. The MDI in Rotterdam approached full correlation mark between MBP and DBP, while Fujairah dropped below the $100 mark.

We expect Global bunker indices to maintain a steady downward movement on Feb. 06: 380 HSFO – minus 2-5 USD/MT, VLSFO – minus 3-7 USD/MT, MGO LS – minus 3-9 USD/MT.

www.mabux.com