Bunker Global Open Directory News

2025-05-16

MABUX: Global bunker market poised for downward trend on May 16.

The MABUX World Bunker Index—a composite indicator tracking current prices for 380 HSFO, VLSFO, and MGO— showed a slight downward trend on May 15:

380 HSFO - USD/MT - 464.57 (-3.90)

VLSFO - USD/MT – 538.94 (-3.75)

MGO - USD/MT – 538.94 (-3.75)

As of May 15, the MABUX Market Differential Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), registered the following trends across key global ports: Rotterdam, Singapore, Fujairah, and Houston:

• HSFO segment: Rotterdam returned to the undercharge zone, joining Fujairah and Houston, with discounts rising by $5, $3, and $2, respectively. Singapore remained the only overcharged port, though its premium narrowed by $2. Both Rotterdam and Singapore continued to hover near a 100% MBP-DBP correlation.

• VLSFO segment: Singapore was the sole overpriced port, with the margin shrinking by $4. Rotterdam, Fujairah, and Houston were underpriced, with discounts widening by $1, $1, and $4, respectively. Rotterdam and Singapore remained close to full MBP-DBP correlation, while Houston’s MDI approached the $100 mark.

• MGO LS segment: Rotterdam remained the only overcharged port, with the premium decreasing by $5. Singapore, Fujairah, and Houston were undercharged, with widening discounts of $5, $18, and $8, respectively. Rotterdam stayed near the 100% correlation threshold, while Fujairah moved closer to the $100 mark.

Global bunker indices are expected to trend downward on May 16 with the following estimated changes: 380 HSFO – minus 4-7 USD/MT, VLSFO - minus 4-8 USD/MT, MGO LS – minus 3-10 USD/MT.

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