Bunker Global Open Directory News
2026-02-27MABUX: Global bunker indices to show irregular changes on Feb. 27.
The MABUX World Bunker Index — a composite benchmark reflecting daily prices for 380 HSFO, VLSFO, and MGO — recorded a marginal correction on Feb. 26:
380 HSFO: USD/MT 451.21 (-1.43)
VLSFO: USD/MT 547.80 (-0.54)
MGO: USD/MT 814.81 (-0.38)
The limited scale of declines across all three fuel grades suggests moderate downward pressure, with the market maintaining relative stability ahead of the next trading session.
As of Feb. 26, the MABUX Market Differential Index (MDI) — which monitors the spread between Market Bunker Prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP) – reflected mixed dynamics across the four key global hubs: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Fujairah shifted into the overcharge zone, becoming the only overpriced port in this segment, with the premium widening by $1. The remaining three hubs continued to trade in the undercharge zone. Discount levels were unchanged in Rotterdam, expanded by $7 in Singapore, and narrowed by $1 in Houston.
• VLSFO segment: Houston remained the sole overpriced port, with its premium increasing by $8, signalling firm local pricing relative to the digital benchmark. Rotterdam, Singapore and Fujairah stayed in the undercharge zone. Discount margins narrowed by $1 in Rotterdam, while expanding by $3 in Singapore and $1 in Fujairah, indicating selective pricing adjustments amid shifting regional fundamentals.
• MGO LS segment: All selected ports continued to trade in the undercharge zone, suggesting that market prices remain below the digital benchmark across the board. Discount levels declined by $1 in Rotterdam and $8 in Houston, increased by $2 in Singapore, and remained stable in Fujairah. The sharp contraction of Houston’s discount may signal strengthening sentiment in the distillate segment.
We expect the Global bunker market to change irregular without a sustainable trend on Feb. 27: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 1-3 USD/MT, MGO LS – plus-minus 5-10 USD/MT.
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