Bunker Global Open Directory News
2025-04-10MABUX: Global bunker indices to revert to upward correction on Apr.10.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO, extended its firm downward movement on Apr.09 for the fifth consecutive day:
380 HSFO - USD/MT - 445.36 (-15.18)
VLSFO - USD/MT – 525.51 (-16.09)
MGO - USD/MT – 705.75 (-18.88)
As of Apr.09, the MABUX Market Differential Index (MDI), which measures the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), registered the following trends across major ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Rotterdam and Singapore stayed in the overcharge zone, with Rotterdam’s premium increasing by $2, while Singapore’s narrowed by $16. Fujairah and Houston were undercharged, with the discount rising by $12 and $23, respectively. Rotterdam and Houston remained close to a 100% correlation mark between MBP and DBP.
• VLSFO segment: All ports were undercharged. Underpricing widened by $5 in Rotterdam, $7 in Singapore, $3 in Fujairah, and $26 in Houston. All MDI indexes remained well below the 100% correlation mark.
• MGO LS segment: Rotterdam was the only overcharged port, though its premium declined by $18. The other three ports continued to be undercharged, with the discount increasing by $27 in Singapore, $15 in Fujairah, and $38 in Houston.
We expect Global bunker indices to revert to an upward correction on Apr.10: 380 HSFO – plus 7-15 USD/MT, VLSFO – plus 7-18 USD/MT, MGO LS – plus-minus 10-25 USD/MT.
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