Bunker Global Open Directory News2021-03-29
MABUX DBP Index registers an undercharge of 380 HSFO in three selected ports.
As of March 24, a correlation of MBP Index (Market Bunker Prices) vs DBP Index (Digital Bunker Prices = MABUX Digital Benchmark) in four largest global hubs showed that 380 HSFO fuel remained undercharged in three selected ports. DBP Index has registered again an underpricing of heavy fuel at the port of Houston by minus $ 4. 380 HSFO was also underestimated in Rotterdam by minus $ 17 and Singapore by minus $ 19.
According to DBP Index, VLSFO was underestimated in three selected ports ranging from minus $ 4-5 in Rotterdam and Fujairah to minus $ 16 in Singapore, while an overcharge of this fuel grade was still plus $ 31 at Houston.
As per DBP Index, MGO LS remained undervalued in two selected ports: minus $ 24 in Rotterdam and minus $ 21 in Singapore. At the port of Fujairah MGO LS was overvalued by $ 18, in Houston by $ 28.
We expect bunker prices may rise today by 12-15 USD for 380 HSFO, by 16-20 USD for VLSFO, by 18-22 USD for MGO.www.mabux.com