Bunker Global Open Directory News

2025-05-20

MABUX: Global bunker market to continue irregular changes on May 20.

The MABUX World Bunker Index—a composite indicator tracking current prices for 380 HSFO, VLSFO, and MGO— changed slightly up on May 19:

380 HSFO - USD/MT - 466.15 (+3.95)

VLSFO - USD/MT – 540.55 (+3.87)

MGO - USD/MT – 719.70 (+3.94)

As of May 19, the MABUX Market Differential Index (MDI), which monitors 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 continued to be overcharged, with premiums narrowing by $3 and $5, respectively. Fujairah and Houston were undercharged. Fujairah's discount widened by $3, while Houston's decreased by $2. Rotterdam stayed close to the 100% MBP-DBP correlation mark.

• VLSFO segment: Singapore was the only port in the overcharge zone, with the margin shrinking by $6. Rotterdam shifted into the undercharge zone, joining Fujairah and Houston, with discounts expanding by $3, $2, and $11, respectively. The MDI for Rotterdam, Singapore, and Fujairah remained near the correlation level.

• MGO LS segment: Rotterdam continued to show an overcharge, with the premium increasing by $1. Singapore, Fujairah, and Houston remained undercharged, though discounts narrowed further by $2, $4, and $13, respectively. Rotterdam remained near the 100% MBP-DBP correlation mark.

We expect Global bunker indices to continue irregular changes on May 20: 380 HSFO – plus-minus 1-2 USD/MT, VLSFO – plus-minus 1-2 USD/MT, MGO LS – plus-minus 1-3 USD/MT.

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