Bunker Global Open Directory News
2025-03-27MABUX: Upward trend to continue in Global bunker market on Mar.27.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued upward trajectory on Mar.26 for the fifth consecutive day:
380 HSFO - USD/MT - 503.31 (+1.16)
VLSFO - USD/MT – 583.83 (+1.10)
MGO - USD/MT – 768.81 (+4.85)
As of Mar.26, 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 continued to be overcharged, with Rotterdam’s premium unchanged and Singapore’s widening by $1. Fujairah and Houston were undercharged, with the discount dropping by $1 in both ports. Rotterdam’s MDI remained close to a 100% correlation mark between MBP and DBP.
• VLSFO segment: All four selected ports were undercharged, with margins unchanged in Rotterdam while discount narrowed by $4 in Singapore, $1 in Fujairah, and $3 in Houston.
• MGO LS segment: All four selected ports were undercharged, with the gap decreasing by $1 in Rotterdam but increasing by $7 in Houston. MDI remained unchanged in Singapore and Fujairah, while Rotterdam’s MDI approached a 100% correlation between MBP and DBP.
We expect a sustainable upward trend to continue in the Global bunker market on Mar.27: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-4 USD/MT, MGO LS – plus 1-6 USD/MT.
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