Bunker Global Open Directory News
2025-04-04MABUX: Global bunker indices to plunge on Apr.04.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), entered a firm downward trend on Apr.03:
380 HSFO - USD/MT - 505.07 (-3.82)
VLSFO - USD/MT – 585.19 (-3.42)
MGO - USD/MT – 770.51 (-3.89)
As of Apr.03, the MABUX Market Differential Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP), registered the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: All four selected ports continued to be undercharged, with underpricing widening by $7 in Rotterdam, $1 in Singapore, $9 in Fujairah, and $10 in Houston. Rotterdam stayed close to a 100% correlation mark between MBP and DBP.
• VLSFO segment: All ports were in the undercharge zone, with margins increasing by $12 in Rotterdam, $7 in Fujairah, and $20 in Houston. Singapore’s MDI remained unchanged, while Houston neared the $100 mark.
• MGO LS segment: Rotterdam remained the only overcharged port, though its premium dropped by $1. The other three ports were undercharged, with the discount narrowing by $1 in Singapore but widening by $17 in Fujairah and $22 in Houston. Notably, Fujairah’s MDI surpassed the $100 mark.
We expect Global bunker indices to decline significantly on Apr.04: 380 HSFO – minus 10-20 USD/MT, VLSFO – minus 10-20 USD/MT, MGO LS – minus 10-30 USD/MT.
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