Bunker Global Open Directory News
2024-03-13MABUX: Global bunker indices to edge downwards on Mar.13.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) experienced irregular fluctuations on Mar. 12:
380 HSFO - USD/MT - 535.36 (-0.69)
VLSFO - USD/MT – 675.19 (+1.36)
MGO - USD/MT – 897.39 (-0.82)
As of Mar. 12, the MABUX MBP/DBP Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), registered the following trends at four key ports: Rotterdam, Singapore, Fujairah, and Houston.
- HSFO segment: All four selected ports were undercharged. The underprice premium widened by $8 in Rotterdam but narrowed by $4 in Fujairah. MDI index in Singapore and Houston remained unchanged, while in Fujairah it still stayed above the $100 mark.
- VLSFO segment: Three selected ports were in the overcharge zone, with the overprice ratio decreasing by $5 in Singapore and $1 in Houston, while increasing by $1 in Fujairah. Rotterdam remained underpriced with no change in MDI index.
- MGO LS segment: Only Houston was in the overcharge zone, with a margin dropping by $7. The other three ports were undercharged, with Singapore and Fujairah seeing an increase in underprice ratio by $7 and $3, respectively, while Rotterdam's MDI index remained unchanged. Both Rotterdam and Singapore's MDI index stayed above the $100 mark.
We expect downtrend to prevail in Global bunker market on Mar. 13: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 1-3 USD/MT, MGO LS – minus 5-9 USD/MT.
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