Bunker Global Open Directory News
2025-05-23MABUX: Global bunker expected to trend lower on May 23.
The MABUX World Bunker Index—a composite indicator tracking daily prices for 380 HSFO, VLSFO, and MGO— showed a slight downward changes on May 22:
380 HSFO - USD/MT - 466.46 (-1.49)
VLSFO - USD/MT – 537.44 (-2.60)
MGO - USD/MT – 719.52 (-2.02)
As of May 22, 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 major global ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Rotterdam and Singapore remained in the overcharge zone. The premium in Rotterdam widened by $1, while it remained unchanged in Singapore. Fujairah and Houston stayed in the undercharge zone, though discounts narrowed by $3 at both ports.
• VLSFO segment: Rotterdam and Singapore continued to be overcharged. Rotterdam’s premium increased by $1, while Singapore’s decreased by $2. Fujairah and Houston were undercharged, with discounts widening by $6 and $4, respectively. The MDI values for Rotterdam and Singapore remained close to a 100% MBP-DBP correlation.
• MGO LS segment: Rotterdam was the only port in the overcharge zone, with the premium down by $5. Singapore, Fujairah, and Houston were undercharged, with discounts widening by $7, $6, and $10, respectively.
We expect Global bunker indices to continue a slight downward trend on May 23: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 1-3 USD/MT, MGO LS – minus 3-5 USD/MT.
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