Bunker Global Open Directory News
2025-03-19MABUX: Global bunker indices to shift downward on Mar.19.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued its slight upward movement on Mar. 18 for the secong consecutive day:
380 HSFO - USD/MT - 500.86 (+1.76)
VLSFO - USD/MT – 581.29 (+2.17)
MGO - USD/MT – 758.13 (+3.67)
As of Mar.18, the MABUX Market Differential Index (MDI), tracking 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 stayed overcharged, with premiums narrowing further by $1 and $4, respectively. Fujairah and Houston were undercharged, with discounts widening by $2 in Fujairah but narrowing by $1 in Houston. Rotterdam’s MDI remained close to a 100% correlation mark between MBP and DBP.
• VLSFO segment: All four selected ports were in the undercharged zone. The underpricing increased by $1 in Rotterdam and $3 in Fujairah, while it decreased by $1 in Singapore and $4 in Houston. Rotterdam’s MDI fluctuated around a 100% correlation between MBP and DBP.
• MGO LS segment: Rotterdam was the only overcharged port, with the premium dropping by $6. The other three ports were underpriced, with the gap widening by $5 in Singapore, $5 in Fujairah, and $3 in Houston. Rotterdam, Singapore and Houston remained close to a 100% correlation mark between MBP and DBP.
We expect a downward shift in global bunker indices on Mar.19: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 1-4 USD/MT, MGO LS – minus 1-3 USD/MT.
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