Bunker Global Open Directory News
2025-02-07MABUX: Irregular changes will dominate in Global bunker market on Feb.07.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued its downward trend on Feb.06 for the second consecutive day:
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.06, the MABUX Market Differential Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), observed the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Singapore stayed the only overcharged port, with the overprice rising further by $4. The other three ports were undercharged, with the margin narrowing further by $5 in Rotterdam, $8 in Fujairah, and $14 in Houston. The MDI in Rotterdam approached a 100% correlation mark between MBP and DBP.
• VLSFO segment: Rotterdam and Singapore remained in the overcharge zone, with the gap increasing further by $4 in Rotterdam, while Singapore remained unchanged. Fujairah and Houston were undercharged, with Fujairah’s discount decreasing by $3 and Houston's by $17. The MDI in Singapore neared a full correlation between MBP and DBP.
• MGO LS segment: All four selected ports were undercharged. The underprice margin decreased by $5 in Rotterdam, $1 in Fujairah, and $14 in Houston but widened by $4 in Singapore. The MDI in Rotterdam neared full correlation between MBP and DBP, while Fujairah remained below the $100 mark.
We do not expect a steady trend in the Global bunker market on Feb. 07, with indices fluctuating within a sideways range: 380 HSFO – plus-minus 1-2 USD/MT, VLSFO – plus-minus 1-3 USD/MT, MGO LS – plus-minus 1-4 USD/MT.
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