Bunker Global Open Directory News
2025-04-23MABUX: Global bunker market to reverse direction and move upward on Apr.23.
MABUX World Bunker Index (a composite index based on current prices for 380 HSFO, VLSFO, and MGO), continued its slight downward trend on Apr.22, marking the second consecutive day of decline:
380 HSFO - USD/MT - 465.25 (-1.74)
VLSFO - USD/MT – 537.74 (-3.37)
MGO - USD/MT – 726.48 (-3.39)
As of Apr.22, the MABUX Market Differential Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), reported the following pricing trends across key global ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Singapore re-entered the overcharge zone, becoming the only overpriced port in this segment, with the premium rising by $5. The remaining three ports—Rotterdam, Fujairah, and Houston—were underpriced, although the discounts narrowed by $11, $10, and $6 respectively. Rotterdam and Singapore stayed both close to a 100% correlation between MBP and DBP.
• VLSFO segment: All four ports were undercharged. The underpricing gap narrowed by $12 in Rotterdam, $5 in Singapore, $13 in Fujairah, and $7 in Houston.
• MGO LS segment: Rotterdam shifted into the overcharge zone, becoming the only overcharged port, with the premium rising by $15. Singapore, Fujairah, and Houston continued to be undercharged, with the discount narrowing by $10, $12, and $7, respectively.
We expect Global bunker indices to reverse course and move upward on Apr.23: 380 HSFO –plus 3-6 USD/MT, VLSFO - plus 3-7 USD/MT, MGO LS – plus 5-9 USD/MT.
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