Bunker Global Open Directory News
2025-02-12MABUX: Upward trend to dominate Global bunker market on Feb.12.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued its upward movement on Feb.11:
380 HSFO - USD/MT - 451.74 (+4.59)
VLSFO - USD/MT – 618.81 (+3.79)
MGO - USD/MT – 804.95 (+10.32)
As of Feb.11, the MABUX Market Differential Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), registered the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Rotterdam moved into the overcharge zone, joining Singapore, with the overprice rising by $5 in Rotterdam and $3 in Singapore. Fujairah and Houston were undercharged, with the margin widening by $3 in both ports. The MDI in Rotterdam remained close to a 100% correlation mark between MBP and DBP.
• VLSFO segment: Rotterdam and Singapore continued to be overcharged, though the gap narowed by $14 in Rotterdam while increasing by $2 in Singapore. Fujairah and Houston remained undercharged, with the discount widening by $4 and $6, respectively.
• MGO LS segment: All four selected ports were undercharged. The underprice margin rose by $7 in Rotterdam and $12 in Fujairah but dropped by $1 in Singapore and $7 in Houston. The MDI in Rotterdam and Singapore remained near a 100% correlation between MBP and DBP, while Fujairah exceeded the $100 mark.
We expect upward movement to continue in the Global bunker market on Feb.12: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 3-7 USD/MT, MGO LS – plus 5-12 USD/MT.
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