Bunker Global Open Directory News
2025-03-10MABUX: Global bunker indexes to continue upward movement on Mar.10.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), turned to a slight upward evolution on Mar.07:
380 HSFO - USD/MT - 500.99 (+8.66)
VLSFO - USD/MT – 581.90 (+2.66)
MGO - USD/MT – 768.71 (+3.89)
As of Mar.07, the MABUX Market Differential Index (MDI), monitoring 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: Rotterdam and Singapore remained in the overcharge zone, with premiums narrowing by $6 in Rotterdam but widening by $14 in Singapore. Fujairah and Houston were undercharged, though the discount narrowed further by $9 and $7, respectively. Rotterdam’s MDI approached a 100-percent correlation mark between MBP and DBP.
• VLSFO segment: Rotterdam was the only overcharged port, with its margin dropping by $4. Singapore, Fujairah, and Houston stayed undercharged, with the ratio decreasing by $1 in Singapore and $4 in Houston, while remaining unchanged in Fujairah.
• MGO LS segment: Rotterdam returned to the undercharge zone, making all four ports underpriced. The gap rose by $24 in Rotterdam, $5 in Singapore, and $5 in Fujairah. Houston’s MDI remained unchanged, while Rotterdam stayed near a 100-percent correlation mark between MBP and DBP.
We expect Global bunker indices to continue a slight upward trend on Mar.10: 380 HSFO – plus 2-4 USD/MT, VLSFO – plus 2-5 USD/MT, MGO LS – plus-minus 2-5 USD/MT.
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