Bunker Global Open Directory News
2025-05-08MABUX: Global bunker indices poised to resume downward trend on May 08.
The MABUX World Bunker Index—a composite index reflecting current prices for 380 HSFO, VLSFO, and MGO— showed a brief upward correction on May 07:
380 HSFO - USD/MT - 444.90 (+6.02)
VLSFO - USD/MT – 513.62 (+6.72)
MGO - USD/MT – 701.67 (+5.42)
As of May 07, the MABUX Market Differential Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), recorded the following trends across key global ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Rotterdam and Singapore remained overcharged, though premiums narrowed by $2 and $7, respectively. Fujairah and Houston continued to show underpricing, with the discount narrowing by $4 in Fujairah but widening by $7 in Houston. Rotterdam stayed close to a 100% correlation between MBP and DBP.
• VLSFO segment: Singapore was the only overpriced port, with the premium decreasing by $3. Rotterdam, Fujairah, and Houston remained undervalued: the discount narrowed by $1 in Rotterdam but widened by $1 in Fujairah and $8 in Houston. Fujairah approached a 100% MBP-DBP correlation.
• MGO LS segment: Rotterdam was the sole overcharged port, with the premium dropping by $8. Singapore, Fujairah, and Houston all stayed in the underpriced zone, with discounts increasing by $16, $16, and $11, respectively. Rotterdam’s MDI continued to trend near a 100% correlation.
We expect a resumption of the downward trend in the global bunker market on May 08: 380 HSFO – minus 2-5 USD/MT, VLSFO - minus 3-6 USD/MT, MGO LS – minus 4-8 USD/MT.
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