Bunker Global Open Directory News
2025-02-17MABUX: Irregular changes to prevail in the Global bunker market on Feb.17.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed mixed movements with no clear trend on Feb.14:
380 HSFO - USD/MT - 519.15 (-1.17)
VLSFO - USD/MT – 613.36 (+0.43)
MGO - USD/MT – 799.55 (-0.06)
As of Feb.14, 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 widening by $4 in Rotterdam and $1 in Fujairah, while narrowing by $3 in Houston. Singapore remained the only overpriced port, but its premium decreased by $1. The MDI in Rotterdam remained near a 100% correlation mark between MBP and DBP.
• VLSFO segment: Rotterdam and Singapore were in the overcharge zone. The overpricing gap dropped by $2 in Rotterdam and $1 in Singapore. Fujairah and Houston continued to be undercharged, but the discount narrowed by $1 in both ports. Singapore’s MDI stayed near full correlation mark between MBP and DBP.
• MGO LS segment: All four key ports were undercharged. The underpricing declined further by $10 in Rotterdam, $11 in Singapore, $14 in Fujairah, and $3 in Houston. Rotterdam’s MDI approached a 100% correlation mark between MBP and DBP, while Fujairah’s dropped below the $100 mark.
We do not expect a sustainable trend in the Global bunker market on Feb.17: 380 HSFO – plus-minus 0-3 USD/MT, VLSFO – plus-minus 0-4 USD/MT, MGO LS – plus-minus 1-5 USD/MT.
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