Bunker Global Open Directory News
2025-05-21MABUX: Global bunker market to trend slightly downward on May 21.
The MABUX World Bunker Index—a composite indicator tracking current prices for 380 HSFO, VLSFO, and MGO— moved sideways with no clear trend on May 20:
380 HSFO - USD/MT - 466.83 (+0.68)
VLSFO - USD/MT – 539.69 (-0.86)
MGO - USD/MT – 719.93 (+0.23)
As of May 20, the MABUX Market Differential Index (MDI), tracking 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 and Singapore remained in the overcharge zone. The premium narrowed by $1 in Rotterdam but widened by $2 in Singapore. Fujairah and Houston continued in the undercharge zone, with discounts narrowing by $1 and $2, respectively. Rotterdam remained close to the 100% MBP-DBP correlation level.
• VLSFO segment: Singapore was the only port in the overcharge zone, with the margin increasing by $2. The other three ports were undercharged: the discount remained unchanged in Rotterdam and rose by $1 in both Fujairah and Houston. The MDI for Rotterdam, Singapore, and Fujairah stayed near full MBP-DBP correlation.
• MGO LS segment: Rotterdam was overcharged, with the premium increasing further by $8. Singapore, Fujairah, and Houston continued to show undercharge trends, although discounts narrowed by $2, $5, and $15, respectively.
We expect Global bunker indices to trend slightly downward on May 21: 380 HSFO – minus 0-2 USD/MT, VLSFO – minus 0-2 USD/MT, MGO LS – minus 0-4 USD/MT.
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