Bunker Global Open Directory News2021-04-01
MABUX DBP Index registers an undercharge of 380 HSFO in the most of selected hubs.
As of March 31, 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 selected ports, except of Fujairah, in a range from minus $12 (Houston) to minus $29 (Singapore). 380HSFO is overcharged in Fujairah by $3.
According to DBP Index, VLSFO was underestimated in three selected ports ranging from minus $10 in Rotterdam to minus $28 in Singapore. In Houston this fuel grade is still overcharged by plus $18.
As per DBP Index, MGO LS remained undervalued in two selected ports: minus $ 36 in Rotterdam and minus $37 in Singapore. At the port of Fujairah and Houston this kind of fuel was overvalued by $7 and $23 respectively.
We expect bunker prices may demonstrate downward changes today. Prices for 380 HSFO may decline by 3-5 USD, for VLSFO - by 4-6 USD. Prices for MGO may decrease by 1-3 USD.www.mabux.com