Bunker Global Open Directory News
2025-03-28MABUX: Irregular changes to prevail in Global bunker market on Mar.28.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), continued its upward movement on Mar.27 for the sixth 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.27, the MABUX Market Differential Index (MDI), monitoring 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 shifted to the undercharge zone, joining Fujairah and Houston, with the underprice discount widening by $9, $4, and $1, respectively. Singapore remained the only overcharged port in this bunker segment, with its premium narrowed by $6. Rotterdam’s MDI neared a 100% correlation mark between MBP and DBP.
• VLSFO segment: All four selected ports were undercharged, with margins increasing by $4 in Rotterdam, $1 in Singapore, $3 in Fujairah, and $4 in Houston.
• MGO LS segment: Underpricing persisted across all four ports, with the discount increasing by $2 in Rotterdam, $6 in Singapore, and $7 in Fujairah, while Houston saw a slight narrowing of $2. Rotterdam’s MDI stayed near a 100% correlation, while Fujairah edged closer to the $100 mark.
We do not expect a firm trend in the Global bunker market, while indices to change sideways on Mar.28: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 1-3 USD/MT, MGO LS – plus-minus 1-3 USD/MT.
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