Bunker Global Open Directory News
2025-03-21MABUX: Global bunker market to continue trending higher on Mar.21.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), resumed its upward movement on Mar.20:
380 HSFO - USD/MT - 495.28 (+1.79)
VLSFO - USD/MT – 576.30 (+0.43)
MGO - USD/MT – 757.38 (+1.70)
As of Mar.20, the MABUX Market Differential Index (MDI), which measures 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 unchanged in Rotterdam but narrowing by $1 in Singapore. Fujairah and Houston were undercharged, with discounts narrowing by $3 and $2, respectively. Rotterdam’s MDI remained close to a 100% correlation mark between MBP and DBP.
• VLSFO segment: All four selected ports were in the undercharge zone. Underpricing increased by $1 in Rotterdam, $1 in Singapore, and $2 in Houston, while it stayed unchanged by $1 in Fujairah. MDI in Rotterdam continued to hover near a 100% correlation between MBP and DBP.
• MGO LS segment: Rotterdam moved into the undercharge zone, making all four ports underpriced, with the gap widening by $4 in Rotterdam, $4 in Singapore, $6 in Fujairah, and $10 in Houston. Rotterdam remained near a 100% correlation mark between MBP and DBP.
We expect Global bunker market to continue its upward trend on Mar.21: 380 HSFO – plus 2-4 USD/MT, VLSFO – plus3-6 USD/MT, MGO LS – plus 3-6 USD/MT.
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