Bunker Global Open Directory News
2025-03-03MABUX: Global bunker market to resume downward trend on Mar.03.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed a slight upward movement on Feb.28:
380 HSFO - USD/MT - 513.28 (+3.50)
VLSFO - USD/MT – 600.62 (+2.91)
MGO - USD/MT – 790.02 (+3.96)
As of Feb.28, the MABUX Market Differential Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), revealed the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Rotterdam returned to the undercharge zone, joining Fujairah and Houston, with discounts narrowing by $ 7, $8, and $8, respectively. Singapore remained the only overcharged port, though its premium narrowed by $5. Rotterdam’s MDI stayed close to a 100% correlation mark between MBP and DBP.
• VLSFO segment: Rotterdam was the only overcharged port, with its margin dropping by $9. Singapore, Fujairah, and Houston remained undercharged, with the ratio increasing further by $12, $9, and $15, respectively.
• MGO LS segment: Rotterdam continued to be overcharged, with its premium decreasing by $7. The other three ports were underpriced. The gap widened by $12, $10, and $2, respectively. Rotterdam’s MDI neared a 100% correlation mark between MBP and DBP, while Fujairah’s index approached the $100 mark.
We expect Global bunker to trend slightly downward on Mar.03: 380 HSFO – minus 1-3 USD/MT, VLSFO –minus 2-4 USD/MT, MGO LS – minus 3-7 USD/MT.
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