Bunker Global Open Directory News
2025-02-28MABUX: Global bunker indices to shift upward on Feb.28.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued its slight trend on Feb.27 for the second consecutive day:
380 HSFO - USD/MT - 509.78 (-3.47)
VLSFO - USD/MT – 597.71 (-4.71)
MGO - USD/MT – 786.06 (-5.46)
As of Feb.27, the MABUX Market Differential Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), showed the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Rotterdam and Singapore were overcharged, with Rotterdam's premium unchanged while Singapore saw an increase of $3. Fujairah and Houston continued to be undercharged, with the discount narrowing by $ 3 in Fujairah but widening by $2 in Houston. Rotterdam’s MDI remained close to a 100% correlation mark between MBP and DBP.
• VLSFO segment: Rotterdam was the only overcharged port, with its margin unchanged. Singapore, Fujairah, and Houston were in the undercharge zone, with the ratio increasing by $2 in Singapore, remaining steady in Fujairah, and decreasing by $4 in Houston.
• MGO LS segment: Rotterdam was the only overpriced port in this bunker segment, with its premium rising by $8. The other three ports remained underpriced. The gap narrowed further by $9 in Singapore, $9 in Fujairah, and $12 in Houston.
We expect Global bunker indices to reverse towards an upward trend on Feb.28: 380 HSFO – plus 1-7 USD/MT, VLSFO – plus 4-10 USD/MT, MGO LS – plus 4-11 USD/MT.
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