Bunker Global Open Directory News
2025-03-17MABUX: No sustainable trend with minor changes in Global bunker market on Mar.17.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed a slight downward trend on Mar. 14:
380 HSFO - USD/MT - 496.46 (-2.89)
VLSFO - USD/MT – 578.14 (-3.13)
MGO - USD/MT – 754.01 (-5.74)
As of Mar.14, the MABUX Market Differential Index (MDI), tracking 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 were overcharged, with premiums widening by $4 and $3, respectively. Fujairah and Houston continued to be undercharged, with discounts narrowing by $6 at both ports. Rotterdam’s MDI neared a 100% correlation mark between MBP and DBP.
• VLSFO segment: Rotterdam moved into the overcharge zone, becoming the only overcharged port for this bunker segment. Singapore, Fujairah, and Houston were undercharged, with discounts dropping by $7, $6 and $9, respectively. Rotterdam remained close to a 100% correlation mark between MBP and DBP.
• MGO LS segment: Rotterdam was the sole overcharged port, with the premium increasing by $3. The other three ports were underpriced, with the gap narrowing by $3 in Singapore, $7 in Fujairah, and $9 in Houston. Rotterdam’s and Houston’s MDI approached a 100% correlation mark between MBP and DBP.
We do not expect a sustainable trend in the Global bunker market with minor changes on Mar.17: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-4 USD/MT, MGO LS – plus-minus 1-3 USD/MT.
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