Bunker Global Open Directory News
2025-04-17MABUX: Global bunker market to resume upward evolution on Apr.17.
MABUX World Bunker Index (a composite index based on current prices for 380 HSFO, VLSFO, and MGO), showed mixed movements without a clear trend on Apr.16:
380 HSFO - USD/MT - 463.50 (+1.24)
VLSFO - USD/MT – 538.25 (+0.82)
MGO - USD/MT – 721.86 (-2.43)
As of Apr.16, the MABUX Market Differential Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), recorded the following pricing dynamics across key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Rotterdam and Singapore stayed in the overcharge zone, with overpricing margin increasing further by $1 and $3, respectively. Fujairah and Houston continued to show undercharging, although the discount narrowed by $4 and $1.
• VLSFO segment: All four ports were undercharged. The underpricing were unchanged in Rotterdam and Singapore, while the gap narrowed by $3 in Fujairah and $6 in Houston. MDI indices in Rotterdam and Singapore stayed close to a 100% correlation between MBP and DBP.
• MGO LS segment: Rotterdam was the only overcharged port, with the premium holding steady. Singapore, Fujairah, and Houston continued to be undercharged, with the discount narrowing by $1, $5, and $6, respectively.
We expect Global bunker market to resume an upward trend on Apr.17: 380 HSFO – plus 2-5 USD/MT, VLSFO –plus 2-6 USD/MT, MGO LS – plus 3-8 USD/MT.
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