Bunker Global Open Directory News

2025-02-20

MABUX: Upward movement to prevail in Global bunker market on Feb.20.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed minor and uneven changes on Feb.19:

380 HSFO - USD/MT - 520.49 (-0.34)

VLSFO - USD/MT – 613.29 (-0.76)

MGO - USD/MT – 803.37 (+1.94)

As of Feb.19, the MABUX Market Differential Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), observed the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:

• HSFO segment: Singapore was the only overcharged port, though the premium narrowed further by $2. The other three ports were underpriced, with the discount widening by $2 in Rotterdam and $1 in Houston, while staying unchanged in Fujairah. Rotterdam’s MDI was close to a 100% correlation mark between MBP and DBP.

• VLSFO segment: Rotterdam continued as the only overcharged port, with the premium decreasing by $3. Singapore shifted into the undercharge zone, joining Fujairah and Houston. The discount widened by $5 in Singapore and Fujairah but narrowed by $3 in Houston. MDI values in Rotterdam and Singapore were close to a 100% correlation.

• MGO LS segment: All four selected ports remained undercharged. The gap increased by $5 in Rotterdam and Singapore, by $5 in Fujairah, and by $3 in Houston. Fujairah continued to exceed the $100 mark.

We expect Global bunker indices to trend upward on Feb.20: 380 HSFO – plus 1-2 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus 2-5 USD/MT.

www.mabux.com