Bunker Global Open Directory News

2025-03-06

MABUX: Global bunker indexes to continue sustainable downward trend on Mar.06.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued trending downward on Mar.05 for the third consecutive day:

380 HSFO - USD/MT - 495.53 (-7.44)

VLSFO - USD/MT – 581.85 (-6.33)

MGO - USD/MT – 771.02 (-5.23)

As of Mar.05, the MABUX Market Differential Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), registered the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:

• HSFO segment: Rotterdam and Singapore were overcharged, with the premium widening further by $ 1 in Rotterdam and $2 in Singapore. Fujairah and Houston were in the undercharge zone, with no change in Fujairah and a $1 increase in Houston. Rotterdam's MDI remained close to a 100% correlation mark between MBP and DBP.

• VLSFO segment: Rotterdam was the only overcharged port, though its margin dropped by $1. Singapore, Fujairah, and Houston continued to be undercharged, with the ratio decreasing by $2, $2, and $1, respectively. Rotterdam neared a 100% correlation mark.

• MGO LS segment: Rotterdam’s MDI reached a 100% correlation mark, while the other three ports remained undercharged. The gap narrowed by $5 in both Singapore and Fujairah but widened by $12 in Houston. Fujairah’s MDI dropped below the $100 mark.

We expect Global bunker indexes to continue a sustainable downward trend on Mar.06: 380 HSFO – minus 3-7 USD/MT, VLSFO – minus 4-9 USD/MT, MGO LS – minus 5-12 USD/MT.

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