Bunker Global Open Directory News
2025-02-18MABUX: Irregular changes to persist in the Global bunker market on Feb.18.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), demonstrated a slight upward trend on Feb.17:
380 HSFO - USD/MT - 520.18 (+1.03)
VLSFO - USD/MT – 613.62 (+0.26)
MGO - USD/MT – 801.35 (+1.80)
As of Feb.17, the MABUX Market Differential Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), revealed the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Singapore was the only overcharged port in this bunker segment, with overpricing narrowing by $2. The other three ports: Rotterdam, Fujairah, and Houston, were underpriced, with the discount rising by $2 in Rotterdam but dropping by $5 in Houston. Fujairah’s MDI remained unchanged, while Rotterdam stayed near a 100% correlation mark between MBP and DBP.
• VLSFO segment: Rotterdam and Singapore saw an increase in overpricing by $3. Meanwhile, Fujairah and Houston remained underpriced, with the discount widening by $2 in Fujairah and remaining unchanged in Houston.
• MGO LS segment: All four key ports continued to be undercharged. The discount deepened by $11 in Rotterdam, $2 in Singapore, $6 in Fujairah, and $3 in Houston. Fujairah’s MDI exceeded the $100 mark.
We expect Global bunker indices to continue irregular fluctuations on Feb.18: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus-minus 2-4 USD/MT, MGO LS – minus 2-4 USD/MT.
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