Bunker Global Open Directory News2021-03-30
MABUX DBP Index registers an undercharge of 380 HSFO in all four selected hubs.
As of March 29, 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 all four selected ports in a range of minus $1 (Fujairah) to minus $32 (Singapore).
According to DBP Index, VLSFO was underestimated in three selected ports ranging from minus $17 in Rotterdam to minus $29 in Singapore. In Houston this fuel grade is still overcharged by plus $15.
As per DBP Index, MGO LS remained undervalued in two selected ports: minus $ 42 in both, Rotterdam and Singapore. At the port of Fujairah MBP Index 100% correlated to DBP Index. In Houston this kind of fuel remained overvalued by $ 14.
We expect bunker prices may demonstrate slight irregular changes today. Prices for 380 HSFO may rise by 1-3 USD, for VLSFO - by 2-4 USD. Prices for MGO may decline by 2-5 USD.www.mabux.com