Bunker Global Open Directory News
2025-04-09MABUX: Global bunker market to poise for irregular fluctuations on Apr.09.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO, continued its downward trend on Apr.08 for the fourth consecutive day:
380 HSFO - USD/MT - 460.54 (-10.91)
VLSFO - USD/MT – 541.60 (-9.54)
MGO - USD/MT – 724.63 (-9.37)
As of Apr.08, the MABUX Market Differential Index (MDI), monitoring 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: Houston re-entered the undercharge zone, joining Fujairah, with the discount increasing by $4 in Houston while decreasing by $8 in Fujairah. Rotterdam and Singapore continued to be overcharged, though their premiums narrowed by $2 and $1, respectively. Rotterdam and Houston continued go hover near a 100% correlation mark between MBP and DBP.
• VLSFO segment: All ports stayed in the undercharge zone. Underpricing narrowed further by $4 in Rotterdam, $3 in Singapore, $12 in Fujairah, and $4 in Houston. Rotterdam’s and Singapore’s MDI neared a 100% correlation between MBP and DBP.
• MGO LS segment: Rotterdam remained the only overcharged port, though its premium shrank by $4. The other three ports were undercharged: Singapore’s discount remained unchanged, Fujairah’s narrowed by $15, while Houston’s widened by $4. Houston stayed close to a 100% correlation mark.
We do not expect a sustainable trend in the Global bunker market with irregular fluctuations to prevail on Apr.09: 380 HSFO – minus 3-6 USD/MT, VLSFO – minus 3-7 USD/MT, MGO LS – plus-minus 1-3 USD/MT.
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