Bunker Global Open Directory News
2025-03-25MABUX: Upward trend to prevail in Global bunker market on Mar.25.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued its upward trajectory on Mar.24 for the third consecutive day:
380 HSFO - USD/MT - 500.26 (+3.47)
VLSFO - USD/MT – 580.02 (+2.46)
MGO - USD/MT – 760.56 (+2.35)
As of Mar.24, 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 $5 and $3, respectively. Fujairah and Houston continued to be undercharged, with the discount widening by $1 in Fujairah while remaining unchanged in Houston. Rotterdam’s MDI hovered near a 100% correlation mark between MBP and DBP.
• VLSFO segment: All four selected ports were undercharged, with margins increasing by $1 in Rotterdam, $7 in Singapore, and $3 in Houston, while staying unchanged in Fujairah.
• MGO LS segment: All four selected ports were in the underprice zone, with the gap widening further by $1 in Singapore, $2 in Fujairah, and $1 in Houston, while staying unchanged in Rotterdam. Rotterdam’s MDI remained close to a 100% correlation mark between MBP and DBP.
We expect upward trend to persist in the Global bunker market on Mar.25: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-4 USD/MT, MGO LS – plus 1-3 USD/MT.
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