Bunker Global Open Directory News
2025-04-28MABUX: Global bunker market to continue modest upward trend on Apr.28.
The MABUX World Bunker Index—a composite index reflecting current prices for 380 HSFO, VLSFO, and MGO—showed a slight upward correction on April 25:
380 HSFO - USD/MT - 467.17 (+0.71)
VLSFO - USD/MT – 539.54 (+0.64)
MGO - USD/MT – 728.73 (+1.36)
As of Apr.25, the MABUX Market Differential Index (MDI), monitoring 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 returned to the undercharge zone, joining Fujairah and Houston. The price discount increased by $4 in Rotterdam $6 in Fujairah, while remaining unchanged in Houston. Singapore was the only overcharge port, though its premium narrowed by $2. Both Rotterdam and Singapore hovered near the 100% correlation mark between MBP and DBP.
• VLSFO segment: All four ports continued to be undercharged. The underpricing gap expanded by $1 in Rotterdam, $2 in Singapore, and $1 in both Fujairah and Houston.
• MGO LS segment: Rotterdam was the only overcharged port, with its premium holding steady. Singapore, Fujairah, and Houston were undercharged, with discounts narrowing by $1, but widening by $3 in Fujairah and $2 in Houston.
We expect the Global bunker indices to continue a slight upward movement on Apr.28: 380 HSFO –plus 1-3 USD/MT, VLSFO - plus 1-3 USD/MT, MGO LS – plus 2-5 USD/MT.
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