Bunker Global Open Directory News
2024-03-25MABUX: Global bunker indices to change sideways with no sustainable trend on Mar.25.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) continued trending lower on Mar. 22:
380 HSFO - USD/MT - 544.14 (-1.21)
VLSFO - USD/MT – 685.82 (-1.88)
MGO - USD/MT – 897.19 (-3.32)
As of Mar. 22, the MABUX MBP/DBP Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), indicated 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 $1 in Rotterdam and Singapore, while it widened by $4 in Fujairah and $1 in Houston. The MDI index in Fujairah one again surpassed the $100 mark.
- VLSFO segment: Three ports: Singapore, Fujairah and Houston were in the overcharge zone, with the overprice premium increasing by $2 in Singapore and $1 in Fujairah. The MDI index in Houston remained steady. Rotterdam was registered as the only underpriced port, with the ratio growing by $4.
- MGO LS segment: Houston remained the only overcharged port in this segment of bunker fuel, with the margin dropping by $9. The other three ports were in the underprice zone, with the premium rising by $13 in Rotterdam, but declining by $10 in Singapore and $11 in Fujairah. The MDI index in Singapore continued to stay above the $100 mark.
We do not expect a firm trend in the Global bunker market on Mar. 25. Bunker indices to change irregular: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 1-3 USD/MT, MGO LS – plus-minus 2-4 USD/MT.
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