08/12/2025
MABUX: Global bunker indices to continue upward movement on Dec. 08.
The MABUX World Bunker Index — a composite indicator reflecting daily prices for 380 HSFO, VLSFO, and MGO — showed a mixed performance on Dec. 05:
380 HSFO: USD/MT 406.71 (-0.35)
VLSFO: USD/MT 488.49 (+0.54)
MGO: USD/MT 759.90 (+0.47)
As of Dec. 05, the MABUX Market Differential Index (MDI) — tracking the correlation between Market Bunker Prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP) – continued to register underpricing across all fuel grades in the major global hubs: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Underpricing narrowed by $1 in Rotterdam, but widened by $1 in Singapore, $8 in Fujairah, and $3 in Houston.
• VLSFO segment: The underpricing margin remained unchanged in Rotterdam, narrowed by $2 in Singapore, and widened by $4 in Fujairah and $2 in Houston. Houston’s MDI stayed near a 100% correlation between MBP and DBP.
• MGO LS segment: Underpricing decreased by $1 in Rotterdam, increased by $8 in Singapore, remained unchanged in Fujairah, and rose by $6 in Houston.
We expect the Global bunker market to continue its upward trend on Dec. 08: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus 5-10 USD/MT.
