Bunker Global Open Directory News2021-04-06
MABUX: bunker prices may demonstrate downward changes today.
As of April 05, 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 $19 (Houston) to minus $38 (Singapore). 380HSFO is overcharged in Fujairah by $3.
According to DBP Index, VLSFO was underestimated in three selected ports ranging from minus $21 in Rotterdam to minus $32 in Fujairah. In Houston this fuel grade is still overcharged by plus $13.
As per DBP Index, MGO LS remained undervalued in two selected ports: minus $ 31 in Rotterdam and minus $33 in Singapore. At the port of Fujairah and Houston this kind of fuel was overvalued by $30 and $5 respectively.
We expect bunker prices may demonstrate downward changes today. Prices for 380 HSFO may decline by 10-15 USD, for VLSFO - by 15-20 USD. Prices for MGO may decrease by 5-10 USD.www.mabux.com