Bunker Global Open Directory News
2025-02-11MABUX: Global bunker indices to continue trending higher on Feb.11.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed mixed changes on Feb.10. Notably, the 380 HSFO index saw a sharp decline due to the unavailability of this fuel type in the South American region:
380 HSFO - USD/MT - 447.15 (-80.43)
VLSFO - USD/MT – 615.02 (+2.13)
MGO - USD/MT – 794.63 (+15.76)
As of Feb.10, the MABUX Market Differential Index (MDI), which measures 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 was 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 and $1 Houston but widening by $1 in Fujairah. The MDI in Rotterdam neared a 100% correlation mark between MBP and DBP.
• VLSFO segment: Rotterdam and Singapore were two overcharged ports, with the gap decreasing by $10 in Rotterdam but increasing by $3 in Singapore. Fujairah and Houston remained undercharged, with the discount narrowing by $1 in Fujairah and $2 in Houston. The MDI in Fujairah stayed close to full correlation between MBP and DBP.
• MGO LS segment: All four selected ports were undercharged. The underprice margin unchanged in Rotterdam, decreased by $2 in Singapore, and dropped by $1 in both Fujairah and Houston. The MDI in Rotterdam remained near 100% correlation between MBP and DBP, while Fujairah was below the $100 mark.
We expect Global bunker indices to continue upward evolution on Feb.11: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 3-7 USD/MT, MGO LS – plus 3-8 USD/MT.
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