Bunker Global Open Directory News
2025-02-10MABUX: Global bunker indices to resume upward movement on Feb.10.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed mixed movements on Feb.07:
380 HSFO - USD/MT - 526.99 (+0.16)
VLSFO - USD/MT – 613.21 (-1.15)
MGO - USD/MT – 778.56 (-0.26)
As of Feb.07, the MABUX Market Differential Index (MDI), monitoring 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 remained the only overcharged port, with the overprice rising further by $3. The other three ports were undercharged, with the margin narrowing by $2 in Rotterdam, Fujairah, and Houston. The MDI in Rotterdam neared a 100% correlation mark between MBP and DBP.
• VLSFO segment: Rotterdam and Singapore were in the overcharge zone, with the gap increasing by $1 in Rotterdam and staying unchanged in Singapore. Fujairah and Houston were undercharged, with Fujairah’s discount dropping by $2 and Houston's by $4. The MDI in Singapore and Fujairah approached full correlation between MBP and DBP.
• MGO LS segment: All four selected ports continued to be undercharged. The underprice margin remained unchanged in Rotterdam, decreased by $3 in Singapore, and by $1 in Houston, but rose by $2 in Fujairah. The MDI in Rotterdam stayed close to full correlation between MBP and DBP, while Fujairah remained below the $100 mark.
We expect Global bunker indices to resume upward movement on Feb.10: 380 HSFO – plus 1-2 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus 2-5 USD/MT.
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