Bunker Global Open Directory News

2024-03-26

MABUX: Global bunker market to trend upward on Mar.26.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) did not have a sustained trend and changed irregular on Mar. 25:

380 HSFO - USD/MT - 544.74 (+0.60)

VLSFO - USD/MT – 687.18 (+1.36)

MGO - USD/MT – 896.96 (-0.23)

As of Mar. 25, the MABUX MBP/DBP Index (MDI), tracking 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 remained undercharged, with the underprice premium narrowing further by $2 in Rotterdam, $9 in Singapore, $7 in Fujairah and $1 in Houston. The MDI index in Fujairah dropped below the $100 mark.

- VLSFO segment: Three ports: Singapore, Fujairah and Houston stayed in the overcharge zone, with the overprice premium increasing by $5 in Singapore, $5 in Fujairah and $4 in Houston. Rotterdam was the only underpriced port, with the ratio decreasing by $4.

- MGO LS segment: Houston stood as the only overcharged port in this segment of bunker fuel, with the margin rising by $1. The other three ports categorized in the undercharge zone, with the premium rising by $1 in Rotterdam, but dropping by $3 in Singapore and remained unchanged in Fujairah. Both Rotterdam and Singapore's MDI indices registered above the $100 mark.

We expect the Global bunker market to shift towards an upward trend on Mar. 26: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 3-7 USD/MT, MGO LS – plus 2-5 USD/MT.

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