Bunker Global Open Directory News
2025-04-08MABUX: Global bunker market to extend downward trend on Apr.08.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO, continued its decline on Apr.07 for the third consecutive day:
380 HSFO - USD/MT - 471.45 (-11.20)
VLSFO - USD/MT – 551.14 (-13.02)
MGO - USD/MT – 734.00 (-14.54)
As of Apr.07, the MABUX Market Differential Index (MDI), which tracks 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 Houston moved into the overcharge zone, joining Singapore, with premiums increasing by $13, $21 and $12, respectively. Fujairah remained the only undercharged port, though the discount narrowed by $25. Rotterdam and Houston remained close to a 100% correlation mark between MBP and DBP.
• VLSFO segment: All ports stayed in the undercharge zone. Underpricing narrowed by $16 in Rotterdam, $22 in Singapore, $6 in Fujairah, and $26 in Houston. Singapore’s MDI approached a 100% correlation between MBP and DBP.
• MGO LS segment: Rotterdam remained the only overcharged port, with its premium widening further by $14. The other three ports stayed in the undercharge zone, with the discount narrowing by $18 in Singapore, $21 in Fujairah and $11 in Houston. Houston neared a 100% correlation mark.
We expect a sustainable downward trend to prevail in the Global bunker market on Apr.08: 380 HSFO – minus 3-7 USD/MT, VLSFO – minus 3-8 USD/MT, MGO LS – minus 3-7 USD/MT.
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