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Bunker Global Open Directory News

2025-03-05

MABUX: No sustainable trend is expected in Global bunker market on Mar.05.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued a sustainable downward movement on Mar.04 for the second consecutive day:

380 HSFO - USD/MT - 502.97 (-7.77)

VLSFO - USD/MT – 588.18 (-7.82)

MGO - USD/MT – 776.25 (-7.92)

As of Mar.04, the MABUX Market Differential Index (MDI), tracking 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 shifted to the overcharge zone, joining Singapore, with the premium widening by $ 7 in Rotterdam but narrowing by $16 in Singapore. Fujairah and Houston were undercharged, with discounts rising by $8 and $9, respectively. Rotterdam’s MDI stayed close to a 100% correlation mark between MBP and DBP.

• VLSFO segment: Rotterdam remained the only overcharged port, with its margin increasing by $2. Singapore, Fujairah, and Houston were undercharged, with the ratio increasing by $8, $7, and $1, respectively.

• MGO LS segment: Rotterdam returned to the underprice zone, making all four ports underpriced. The gap widened by $7 in Rotterdam, $11 in Singapore, and $3 in Fujairah but narrowed by $1 in Houston. Rotterdam’s MDI remained close to a 100% correlation, while Fujairah’s index exceeded the $100 mark.

We do not expect a sustainable trend in the Global bunker market on Mar.05: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 1-3 USD/MT, MGO LS – plus-minus 3-6 USD/MT.

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