Bunker Global Open Directory News
2025-04-24MABUX: Global bunker market to resume downward movement on Apr.24.
MABUX World Bunker Index (a composite index based on current prices for 380 HSFO, VLSFO, and MGO), showed an upward correction on Apr.23:
380 HSFO - USD/MT - 470.20 (+4.95)
VLSFO - USD/MT – 470.20 (+4.95)
MGO - USD/MT – 730.90 (+4.33)
As of Apr.23, the MABUX Market Differential Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), showed the following pricing trends across key global ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Singapore remained the only overcharged port, with the premium increasing by $8. The other three ports were underpriced: the discount remained unchanged in Rotterdam, narrowed by $4 in Fujairah, and widened by $3 in Houston. Notably, Rotterdam maintained a near-perfect correlation between MBP and DBP.
• VLSFO segment: All four ports were undercharged. The underpricing gap widened by $3 in Rotterdam, $1 in Fujairah, and $3 in Houston, while it narrowed by $1 in Singapore. Houston’s MDI approached the $100 threshold.
• MGO LS segment: Rotterdam was the only overcharged port in this segment, with the premium decreasing by $4. Singapore, Fujairah, and Houston continued to be undercharged, with discounts widening by $1, $3, and $17, respectively.
We expect Global bunker indices to resume a downward trend on Apr.24: 380 HSFO –minus 2-5 USD/MT, VLSFO - minus 3-6 USD/MT, MGO LS – minus 5-9 USD/MT.
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