Bunker Global Open Directory News
2025-03-18MABUX: Global bunker indices to continue slight upward trend on Mar.18.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed a slight upward movement on Mar. 17:
380 HSFO - USD/MT - 499.10 (+2.64)
VLSFO - USD/MT – 579.12 (+0.98)
MGO - USD/MT – 754.46+0.45)
As of Mar.17, the MABUX Market Differential Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), reflected the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Rotterdam and Singapore continued to be overcharged, with premiums narrowing by $2 and $3, respectively. Fujairah and Houston remained undercharged, with discounts widening by $2 in Fujairah but narrowing by $3 in Houston. Rotterdam’s MDI stayed close to a 100% correlation mark between MBP and DBP.
• VLSFO segment: Rotterdam returned to the undercharge zone, making all four ports underpriced. The undercharge ratio increased by $5 in Rotterdam, $3 in Singapore, and $5 in Fujairah, while remaining unchanged in Houston. Rotterdam was close to a 100% correlation mark between MBP and DBP.
• MGO LS segment: Rotterdam was the only overcharged port, with the premium increasing by $3. The other three ports were underpriced, with the gap narrowing by $11 in Singapore, $5 in Fujairah, and $1 in Houston. Rotterdam, Singapore and Houston neared a 100% correlation mark between MBP and DBP.
We expect Global bunker indices to keep trending upward on Mar.18: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus 3-7 USD/MT.
www.mabux.com