Bunker Global Open Directory News
2024-04-02MABUX: Upward momentum to continue in the Global bunker market on Apr. 02.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) showed a slight upward evolution on Apr. 01:
380 HSFO - USD/MT - 546.62 (+1.83)
VLSFO - USD/MT – 689.98 (+1.84)
MGO - USD/MT – 892.82 (+2.43)
As of Apr. 01, the MABUX MBP/DBP Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), registered the following trends at four key ports: Rotterdam, Singapore, Fujairah, and Houston.
- HSFO segment: All four selected ports remained in the undercharge zone, with the underprice premium widening by $8 in Rotterdam, $6 in Singapore and $8 in Houston. The MDI index in Fujairah unchanged and stayed above the $100 mark.
- VLSFO segment: Following the Easter holidays, all four selected ports were in the underprice zone. The undercharge ratio grew by $8 in Rotterdam, $4 in Singapore, $14 in Fujairah, and $12 in Houston.
- MGO LS segment: Three selected ports continued to be undercharged, with premiums rising by $4 and $2 in Fujairah but dropping by $5 in Singapore. Both Rotterdam’s and Singapore's MDI indices remained above the $100 mark. Houston was the only overpriced port, with the margin shrinking by $4.
We expect an upward trend to persist in the Global bunker market on Apr. 02. 28: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-4 USD/MT, MGO LS – plus 1-5 USD/MT.
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