Bunker Global Open Directory News
2025-03-14MABUX: Global bunker indices to shift slightly downward on Mar.14.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed no clear trend on March 13, with only minor and irregular fluctuations:
380 HSFO - USD/MT - 499.35 (-0.04)
VLSFO - USD/MT – 581.27 (+2.81)
MGO - USD/MT – 759.75 (+0.04)
As of Mar.13, the MABUX Market Differential Index (MDI), monitoring 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 and Singapore stayed overcharged, though premiums narrowed by $4 and $7, respectively. Fujairah and Houston continued to be undercharged, with discounts increasing by $6 and $16, respectively. Rotterdam’s MDI approached a 100% correlation mark between MBP and DBP.
• VLSFO segment: Rotterdam achieved a 100% correlation between MBP and DBP. Singapore, Fujairah, and Houston remained undercharged, with discounts rising by $7, $8 and $13, respectively.
• MGO LS segment: Rotterdam returned to the overcharge zone, with the premium increasing by $10. The other three ports were underpriced, with the gap narrowing by $10 in Singapore and $12 in Fujairah, while Houston’s discount widened by $1. Rotterdam’s MDI remained close to a 100% correlation mark between MBP and DBP.
We expect Global bunker indices to trend slightly downward on Mar.14: 380 HSFO – minus 3-5 USD/MT, VLSFO – minus 3-6 USD/MT, MGO LS – minus 3-7 USD/MT.
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