Bunker Global Open Directory News
2025-05-19MABUX: No sustainable trend expected in Global bunker market on May 19.
The MABUX World Bunker Index—a composite indicator tracking current prices for 380 HSFO, VLSFO, and MGO— continued its slight downward movement on May 16:
380 HSFO - USD/MT - 462.20 (-2.37)
VLSFO - USD/MT – 536.68 (-2.26)
MGO - USD/MT – 715.76 (-6.74)
As of May 16, the MABUX Market Differential Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), showed the following trends across key global ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Rotterdam returned to the overcharge zone, joining Singapore, with premiums rising by $8 and $11, respectively. Fujairah and Houston were undercharged, with discounts dropping by $8 and $5, respectively. Rotterdam remained close to a 100% MBP-DBP correlation mark.
• VLSFO segment: Singapore was the only overpriced port, with the margin increasing by $1. Fujairah, and Houston were underpriced, with discounts narrowing by $10 and $16, respectively. Rotterdam’s MDI registered a 100% MBP-DBP correlation, while Fujairah’s MDI approached correlation mark.
• MGO LS segment: Rotterdam continued to show an overcharge, with the premium widening by $4. Singapore, Fujairah, and Houston remained undercharged, though discounts narrowed by $6, $4, and $5, respectively. Rotterdam stayed near full correlation.
We do not expect a steady trend in the Global bunker market. Bunker indices are likely to show irregular changes on May 19: 380 HSFO – plus 2-4 USD/MT, VLSFO – plus 2-5 USD/MT, MGO LS – minus 2-5 USD/MT.
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