Bunker Global Open Directory News
2025-03-24MABUX: Global bunker indices to change sideways on Mar.24.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued its upward momentum on Mar.21:
380 HSFO - USD/MT - 496.79 (+1.51)
VLSFO - USD/MT – 577.56 (+1.26)
MGO - USD/MT – 758.21 (+0.83)
As of Mar.21, 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 stayed overcharged, though premiums narrowed by $1 and $6, respectively. Fujairah and Houston were undercharged, with discounts widening by $8 and $5, respectively. Rotterdam’s MDI remained near a 100% correlation mark between MBP and DBP.
• VLSFO segment: All four selected ports were undercharged, with margins increasing by $8 in Rotterdam, $7 in Singapore, $7 in Fujairah, and $5 in Houston.
• MGO LS segment: All four selected ports continued to be underpriced, with the gap widening by $6 in Rotterdam, $7 in Singapore, $9 in Fujairah, and $9 in Houston. Rotterdam remained close to a 100% correlation between MBP and DBP, while Fujairah approached the $100 mark.
We do not expect a sustainable rend in the Global bunker market on Mar.24: 380 HSFO – plus-minus 1-2 USD/MT, VLSFO – plus-minus 1-2 USD/MT, MGO LS – plus-minus 1-2 USD/MT.
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