Bunker Global Open Directory News
2025-03-31MABUX: Global bunker indices to revert to downward movement on Mar.31.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), changed sideways on Mar.28 after six consecutive days of increases:
380 HSFO - USD/MT - 503.17 (-0.41)
VLSFO - USD/MT – 587.33 (+0.92)
MGO - USD/MT – 770.55 (-0.69)
As of Mar.28, the MABUX Market Differential Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), recorded the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Singapore moved into the undercharge zone, making all four selected ports undercharged in this bunker segment. Underpricing widened by $4 in Rotterdam and $11 in Singapore, while MDI in Fujairah and Houston remained unchanged. Both Rotterdam and Singapore stayed close to a 100% correlation mark between MBP and DBP.
• VLSFO segment: All four selected ports continued to be undercharged, with margins increasing by $2 in Rotterdam, $3 in Singapore, and $3 in Houston, while decreasing by $3 in Fujairah.
• MGO LS segment: Rotterdam shifted to the overcharge zone, becoming the only overpriced port in this segment, with the premium rising by $9. The other three ports were undercharged, with the discount increasing by $8 in Singapore and $4 in Fujairah, while Houston saw a slight narrowing of $1. Rotterdam’s MDI remained near a 100% correlation.
We expect Global bunker indices to revert to a downward trend on Mar.31: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 1-4 USD/MT, MGO LS – minus 2-6 USD/MT.
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