Bunker Global Open Directory News
2025-02-21MABUX: Global bunker indices to maintain upward trend on Feb.21.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), trended higher on Feb.20:
380 HSFO - USD/MT - 523.76 (+3.27)
VLSFO - USD/MT – 615.37 (+2.08)
MGO - USD/MT – 807.10 (+3.73)
As of Feb.20, the MABUX Market Differential Index (MDI), tracking 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 remained the only overcharged port, with the premium widening by $3. The other three ports stayed in the underprice zone, with the discount narrowing by $1 in Rotterdam while staying unchanged in Fujairah and Houston. Rotterdam’s MDI remained close to a 100% correlation mark between MBP and DBP.
• VLSFO segment: Rotterdam was the only overcharged port, with the premium increasing by $2. Singapore, Fujairah and Houston were undercharged. The margin rose by $1 in Singapore, dropped by $1 in Houston, and remained unchanged in Fujairah. MDI in Rotterdam and Singapore were near a 100% correlation.
• MGO LS segment: All four selected ports remained underpriced. The gap increased by $1 in Rotterdam, $3 in Singapore, and $2 in Fujairah, while decreasing by $3 in Houston. Fujairah was still above the $100 mark.
We expect Global bunker indices to continue upward movement on Feb.21: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus 3-7 USD/MT.
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