Bunker Global Open Directory News
2025-04-25MABUX: Global bunker market to return to modest upward trajectory on Apr.25.
The MABUX World Bunker Index—a composite index reflecting current prices for 380 HSFO, VLSFO, and MGO—resumed a slight downward trend on April 24:
380 HSFO - USD/MT - 466.46 (-3.74)
VLSFO - USD/MT – 538.90 (-3.59)
MGO - USD/MT – 727.37 (-3.53)
As of Apr.24, the MABUX Market Differential Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), indicated the following pricing trends across key global ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Rotterdam shifted into the overcharge zone, joining Singapore. The price premium increased by $4 in Rotterdam and decreased by $3 in Singapore. Fujairah and Houston remained underpriced, with discounts narrowing by $2 and $4, respectively. Both Rotterdam and Singapore maintained a correlation close to 100% between MBP and DBP.
• VLSFO segment: All four ports continued to be undercharged. The underpricing gap narrowed by $6 in Rotterdam, $3 in both Singapore and Fujairah, and $5 in Houston.
• MGO LS segment: Rotterdam was the only port in this segment showing overpricing, with the premium rising by $6. Singapore, Fujairah, and Houston continued to be undercharged, with discounts narrowing by $5, $4, and $4, respectively.
We expect Global bunker indices to return to a slight upward movement on Apr.25: 380 HSFO –plus 1-3 USD/MT, VLSFO - plus 2-4 USD/MT, MGO LS – plus 2-5 USD/MT.
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