Bunker Global Open Directory News
2024-03-19MABUX: Global bunker market to continue upward movement on Mar.19.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) continued upward evolution on Mar. 18:
380 HSFO - USD/MT - 545.26 (+2.06)
VLSFO - USD/MT – 688.65 (+3.19)
MGO - USD/MT – 909.06 (+4.24)
As of Mar. 18, the MABUX MBP/DBP Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), recorded the following trends at four key ports: Rotterdam, Singapore, Fujairah, and Houston.
- HSFO segment: All four selected ports were undercharged. The underprice premium narrowed by $8 in Rotterdam, $10 in Singapore, and $5 in Houston. The MDI index in Fujairah remained unchanged, hovering close to the $100 mark.
- VLSFO segment: Houston shifted back into the overprice zone, joining Singapore and Fujairah, with the overprice premium increasing in Singapore by $7, in Fujairah by $1 and in Houston by $3. Rotterdam remained the only underpriced port, with the premium decreasing by $4.
- MGO LS segment: Houston was the sole overcharged port, with the MDI index remaining unchanged. The other three ports continued to be undercharged, with the ratio dropping by $2 in Rotterdam and $1 in Singapore but rising by $22 in Fujairah. MDI index in Rotterdam and Singapore stayed above the $100 mark.
We expect Global bunker indices to continue trending higher on Mar. 19: 380 HSFO – plus 3-7 USD/MT, VLSFO – plus 4-8 USD/MT, MGO LS – plus 5-14 USD/MT.
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