Bunker Global Open Directory News
2026-05-22MABUX: Global bunker indices to resume irregular changes on May 22.
The MABUX World Bunker Index — a composite benchmark reflecting daily prices for 380 HSFO, VLSFO, and MGO — extended its downward movement on May 21 for the second consecutive session:
380 HSFO: USD/MT: 781.20 (-8.69)
VLSFO: USD/MT 934.58 (-12.81)
MGO: USD/MT 1 395.09 (-9.87)
As of May 21, the MABUX Market Differential Index (MDI), which tracks the spread between Market Bunker Prices (MBP) and the MABUX Digital Bunker Benchmark (DBP) — reflected the following dynamics across the four major global bunkering hubs: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: All four hubs continued to be undercharged. The underpricing narrowed by $11 in Rotterdam, widened by $10 in Singapore, and contracted by $28 in Fujairah and $36 in Houston. Singapore’s MDI approached the $100 threshold, while Houston’s indicator moved below this level. In Fujairah, the MDI moved closer to the 100% correlation mark between MBP and DBP.
• VLSFO segment: Fujairah was the only overcharged port, with its premium widening by $25. The other three hubs stayed undercharged, although discounts narrowed by $38 in Rotterdam, $21 in Singapore, and $47 in Houston. Houston’s MDI moved closer to the 100% correlation level between MBP and DBP.
• MGO LS segment: Rotterdam, Singapore, and Houston continued to register undercharging, with the discount margins narrowing by $4, $5, and $56, respectively. Fujairah remained the only overpriced port, where the premium increased by $26. MDI values in Rotterdam and Fujairah stayed above the $100 mark, while Houston’s indicator dropped below this threshold.
MABUX expects the global bunker indices to resume irregular fluctuations without forming a sustained trend on May 22: plus-minus 5-10 USD/MT, VLSFO: plus-minus 5–10 USD/MT, MGO LS: plus-minus 8–15 USD/MT.
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