Bunker Global Open Directory News
2025-02-19MABUX: Global bunker indices to trend upward on Feb.19.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued its slight upward movement on Feb.18:
380 HSFO - USD/MT - 520.83 (+0.65)
VLSFO - USD/MT – 614.05 (+0.43)
MGO - USD/MT – 801.43 (+0.08)
As of Feb.18, the MABUX Market Differential Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), reflected the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Singapore remained the only overcharged port, though the premium narrowed further by $1. The other three ports: Rotterdam, Fujairah, and Houston, were underpriced, with the discount shrinking by $2 in Rotterdam but rising by $3 in both Fujairah and Houston. Rotterdam’s MDI stayed was nearly a 100% correlation mark between MBP and DBP.
• VLSFO segment: Rotterdam and Singapore were overpriced, with margin decreasing by $4 and $3, respectively. Fujairah and Houston remained underpriced, with the discount widening further by $4 in Fujairah and $3 in Houston.
• MGO LS segment: All four key ports continued to be undercharged. The gap narrowed by $8 in Rotterdam and $7 in Houston, while it increased by $4 in Fujairah and remained unchanged in Singapore. Rotterdam approached a 100% correlation mark between MBP and DBP, while Fujairah stayed above the $100 mark.
We expect Global bunker indices to shift slightly upward on Feb.19: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 2-4 USD/MT, MGO LS – plus 1-5 USD/MT.
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