Bunker Global Open Directory News
2025-06-25MABUX: Global bunker market to maintain downward trend on Jun.25.
The MABUX World Bunker Index—a composite indicator tracking daily prices for 380 HSFO, VLSFO, and MGO—fell sharply on Jun.24, driven by expectations that a potential ceasefire between Israel and Iran will ease concerns over oil supply disruptions in the Middle East:
380 HSFO - USD/MT - 479.40 (-35.81)
VLSFO - USD/MT – 565.69 (-31.08)
MGO - USD/MT – 770.70 (-48.74)
As of Jun.24, the MABUX Market Differential Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP)— continued to indicate undervaluation across all fuel grades at major global ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Discount margins widened by $13 in Rotterdam, $11 in Singapore, $11 in Fujairah, and $6 in Houston.
• VLSFO segment: Undervaluation remained unchanged in Rotterdam, increased by $1 in Fujairah and $11 in Houston, but decreased by $8 in Singapore. Houston’s MDI once again exceeded the $100 mark.
• MGO LS segment: Discounts held steady in Houston, but surged by $65 in Rotterdam, $43 in Singapore, and $37 in Fujairah. The MDI for both Singapore and Fujairah remained above the $100 threshold.
We expect a sustainable downward trend in the global bunker market to continue on Jun.25: 380 HSFO – minus 10-20 USD/MT, VLSFO – minus 10-25 USD/MT, MGO LS – minus 10-35 USD/MT.
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