Bunker Global Open Directory News
2024-03-27MABUX: Slight downward trend to prevail in the Global bunker market on Mar.27.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) trended upward on Mar. 26:
380 HSFO - USD/MT - 548.30 (+3.56)
VLSFO - USD/MT – 690.88 (+3.70)
MGO - USD/MT – 899.46 (+2.50)
As of Mar. 26, 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 continued to be undercharged, with the underprice premium widening by $2 in Rotterdam, $3 in Singapore, $6 in Fujairah, and $7 in Houston. The MDI index in Fujairah reached the $100 mark again.
- VLSFO segment: Three ports: Singapore, Fujairah and Houston - remained in the overcharge zone, with the overprice premium decreasing by $8 in Singapore, $11 in Fujairah, and $9 in Houston. Singapore and Fujairah approached the 100 percent correlation mark between market price and the MABUX digital benchmark. Rotterdam was the only underpriced port, with the ratio increasing by $6.
- MGO LS segment: Three selected ports were undercharged, with the premium rising further by $2 in Rotterdam, $5 in Singapore, and $6 in Fujairah. Both Rotterdam and Singapore's MDI indices stayed above the $100 mark. The MDI index in Houston registered 100-percent correlation between market price and the digital benchmark.
We expect Global bunker indices to trend downward on Mar. 27: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 1-3 USD/MT, MGO LS – minus 5-9 USD/MT.
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