Bunker Global Open Directory News
2025-02-13MABUX: Global bunker indices set to reverse and decline on Feb.13.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued its upward trend on Feb.12 for the second consecutive day:
380 HSFO - USD/MT - 528.06 (+1.03)
VLSFO - USD/MT – 618.89 (+0.08)
MGO - USD/MT – 808.25 (+3.30)
As of Feb.12, the MABUX Market Differential Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), indicated the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Rotterdam returned to the undercharge zone, joining Fujairah and Houston, with the underpricing rising by $5 in Rotterdam, $1 in Fujairah, and $9 in Houston. Singapore remained the only overcharged port, with the premium declining by $6. The MDI in Rotterdam stayed close to a 100% correlation mark between MBP and DBP.
• VLSFO segment: Rotterdam was the only overcharged port, though the gap narrowed further by $7. Fujairah and Houston continued to be undercharged, with the discount widening by $3 and $12, respectively. Singapore’s MDI reached full correlation between MBP and DBP, while Rotterdam neared this threshold.
• MGO LS segment: All four selected ports remained undercharged. The underprice discount rose further by $9 in Rotterdam, $16 in Singapore, $12 in Fujairah, and $17 in Houston. The MDI in Fujairah stayed well above the $100 mark.
We expect Global bunker indices to reverse directions and move downward on Feb.13: 380 HSFO – minus 3-6 USD/MT, VLSFO – minus 3-8 USD/MT, MGO LS – minus 5-10 USD/MT.
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