Bunker Global Open Directory News
2025-03-04MABUX: Global bunker indices to continue downward movement on Mar.04.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued its slight decline on Mar.03:
380 HSFO - USD/MT - 510.74 (-2.54)
VLSFO - USD/MT – 596.00 (-4.62)
MGO - USD/MT – 784.17 (-5.85)
As of Mar.03, the MABUX Market Differential Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), showed the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Singapore was the only overcharged port, with the premium widening by $ 5. The other three ports were underpriced, with discounts unchanged in Rotterdam, dropping by $6 in Fujairah, and $2 in Houston. Rotterdam’s MDI remained close to a 100% correlation mark between MBP and DBP.
• VLSFO segment: Rotterdam stayed in the overcharge zone, but its margin declined by $4. Singapore, Fujairah, and Houston remained undercharged, with the ratio decreasing by $3, $4, and $2, respectively.
• MGO LS segment: Rotterdam continued to be overcharged, with its premium narrowing by $5. The other three ports were underpriced. The gap unchanged in Singapore, added $2 in Fujairah, and lost $20 in Houston. Rotterdam’s MDI remained close to a 100% correlation mark between MBP and DBP, while Fujairah’s index reached the $100 mark.
We expect Global bunker indices to continue a slight downward trend on Mar.04: 380 HSFO – minus 2-5 USD/MT, VLSFO –minus 3-6 USD/MT, MGO LS – minus 5-9 USD/MT.
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