Bunker Global Open Directory News
2025-04-03MABUX: Global bunker indices to continue irregular changes on Apr.03.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed a slight upward movement on Apr.02:
380 HSFO - USD/MT - 508.89 (+0.35)
VLSFO - USD/MT – 588.61 (+1.00)
MGO - USD/MT – 774.40 (+0.41)
As of Apr.02, the MABUX Market Differential Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), displayed the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: All four selected ports were undercharged, with underpricing narrowing by $4 in Rotterdam, $6 in Singapore, $2 in Fujairah, and $2 in Houston. Rotterdam and Singapore remained close to a 100% correlation mark between MBP and DBP.
• VLSFO segment: All ports continued to be undercharged, with margins decreasing by $1 in Rotterdam, $10 in Singapore, and $5 in Fujairah, while increasing by $3 in Houston.
• MGO LS segment: Rotterdam was the only overcharged port in this bunker segment, with the premium rising by $4. The other three ports were undercharged: the discount stayed unchanged in Singapore, narrowed by $2 in Fujairah, and widened by $3 in Houston. Notably, Fujairah’s MDI dropped below the $100 mark.
We do not expect a sustainable trend in the Global bunker market on Apr.03: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus-minus 1-3 USD/MT, MGO LS – plus-minus 1-7 USD/MT.
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