Bunker Global Open Directory News
2025-02-14MABUX: Global bunker indices to continue trending lower on Feb.14.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), shifted to downward movement on Feb.13:
380 HSFO - USD/MT - 520.32 (-7.74)
VLSFO - USD/MT – 612.93 (-5.96)
MGO - USD/MT – 799.61 (-8.64)
As of Feb.13, the MABUX Market Differential Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), showed the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Rotterdam returned to the overcharge zone, joining Singapore, with the overpricing rising by $6 in Rotterdam but dropping by $3 in Singapore. Fujairah and Houston remained undercharged, with the discount increasing by $4 and $2, respectively. The MDI in Rotterdam remained near a 100% correlation mark between MBP and DBP.
• VLSFO segment: Singapore joined Rotterdam in the overcharge zone. The gap widened by $5 in Rotterdam and $3 in Singapore. Fujairah and Houston continued to be undercharged, but the discount narrowed by $7 and $5, respectively. Singapore’s MDI remained close to full correlation between MBP and DBP.
• MGO LS segment: All four selected ports were undercharged. The underpricing declined by $4 in Rotterdam and $7 in Fujairah but increased by $7 in Singapore and $3 in Houston. The MDI in Fujairah remained well above the $100 mark.
We expect Global bunker indices to continue a slight downward trend on Feb.14: 380 HSFO – minus 0-3 USD/MT, VLSFO – minus 0-3 USD/MT, MGO LS – minus 1-7 USD/MT.
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