Bunker Global Open Directory News
2026-06-01MABUX: Global bunker market to extend downward trend on Jun. 01.
The MABUX World Bunker Index — a composite benchmark reflecting daily prices for 380 HSFO, VLSFO, and MGO — maintained its downward trajectory on May 29, recording its eighth consecutive session of declines:
380 HSFO: USD/MT: 710.51 (-5.67)
VLSFO: USD/MT 843.25 (-4.32)
MGO: USD/MT 1 276.23 (-10.06)
As of May 29, the MABUX Market Differential Index (MDI), which tracks the spread between Market Bunker Prices (MBP) and the MABUX Digital Bunker Benchmark (DBP) — showed the following developments across the four major global bunkering hubs: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Fujairah and Houston remained in the overcharge zone, although the dynamics diverged between the two ports. The overcharge premium increased by $13 in Fujairah, while declining by $7 in Houston. Rotterdam and Singapore continued to be underpriced relative to the MABUX benchmark, with the undercharge widening by $4 in Rotterdam and narrowing by $7 in Singapore.
• VLSFO segment: Fujairah and Houston returned to the undercharge zone, resulting in all four major bunkering hubs being assessed as underpriced versus the MABUX benchmark. Undercharge levels narrowed by $2 in Rotterdam and $9 in Singapore, while expanding by $15 in Fujairah and $8 in Houston. Notably, MDI values in both Fujairah and Houston moved closer to the 100% correlation level between MBP and DBP, indicating improved alignment between market and benchmark prices.
• MGO LS segment: Fujairah remained the only overcharged port in the MGO LS segment, with its overprice premium increasing by $28. The other three hubs continued to be underpriced. The discount narrowed by $5 in Rotterdam but widened by $15 in Singapore and by $32 in Houston. MDI values in Rotterdam, Singapore and Fujairah remained above the $100 threshold, highlighting persistent pricing imbalances relative to the digital benchmark.
Given the ongoing weakness across the global bunker fuel complex and prevailing market fundamentals, MABUX expects the bunker market to maintain its downward trend on Jun. 1: minus 5-10 USD/MT, VLSFO: minus 5–10 USD/MT, MGO LS: minus 5–15 USD/MT.
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