Bunker Global Open Directory News
2025-04-11MABUX: Global bunker indices to resume downward trend on Apr.11.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO, showed a firm upward movement on Apr.10:
380 HSFO - USD/MT - 454.29 (+8.93)
VLSFO - USD/MT – 533.36 (+7.85)
MGO - USD/MT – 716.56 (+10.81)
As of Apr.10, the MABUX Market Differential Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), revealed the following trends across major ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Singapore re-entered the undercharge zone, joining Fujairah and Houston. Underpricing increased by $7 in Singapore, $8 in Fujairah, and $9 in Houston. Rotterdam’s MDI reached a 100% correlation mark between MBP and DBP.
• VLSFO segment: All ports remained undercharged, with discounts widening by $8 in Rotterdam, $7 in Singapore, $9 in Fujairah, and $4 in Houston. All MDI indexes stayed well below the $100 mark.
• MGO LS segment: Rotterdam was the only overcharged port, with its premium widening by $41. The other three ports continued to be undercharged, though the discount narrowed by $43 in Singapore and $41 in Fujairah, while staying unchanged in Houston. Singapore’s MDI approached a 100% correlation mark between MBP and DBP.
We expect Global bunker indices to resume a sustainable downward trend on Apr.11: 380 HSFO – minus 5-10 USD/MT, VLSFO – minus 5-10 USD/MT, MGO LS – minus 5-15 USD/MT.
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