Bunker Global Open Directory News
2025-06-18MABUX: Global bunker market poised to resume upward movement on Jun.18.
The MABUX World Bunker Index—a composite indicator tracking daily prices for 380 HSFO, VLSFO, and MGO— moved sideways on June 17, showing no clear trend:
380 HSFO - USD/MT - 506.58 (+2.50)
VLSFO - USD/MT – 576.52 (-0.21)
MGO - USD/MT – 780.10 (+9.81)
As of Jun.17, the MABUX Market Differential Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP)— revealed the following pricing trends across all major ports (Rotterdam, Singapore, Fujairah, and Houston):
• HSFO segment: Singapore shifted back into the overcharge zone, becoming the only overpriced port in this segment, with the premium widening by $14. The other three ports – Rotterdam, Fujairah, and Houston – were underpriced, although the discounts narrowed by $12, $17, and $13, respectively. Notably, both Rotterdam and Singapore posted MDI values close to a 100% correlation between MBP and DBP.
• VLSFO segment: All four ports continued to show underpriced levels. However, discounts narrowed across the board: by $6 in Rotterdam, $11 in Singapore, $12 in Fujairah, and $18 in Houston. Houston’s MDI, in particular, fell below the $100 mark.
• MGO LS segment: Rotterdam remained the only overpriced port, with its premium rising by $11. Meanwhile, the other three ports continued to register underpricing, although the discounts decreased by $8 in Singapore, $6 in Fujairah, and $20 in Houston. Fujairah’s MDI stayed above the $100 threshold.
We expect the Global bunker market to resume a sustainable upward trend on Jun.17: 380 HSFO – plus 10-18 USD/MT, VLSFO – plus 10-20 USD/MT, MGO LS – plus 20-30 USD/MT.
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