Bunker Global Open Directory News
2024-04-03MABUX: Global bunker market to sustain upward trend on Apr. 03.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) continued upward evolution on Apr. 02:
380 HSFO - USD/MT - 549.36 (+2.74)
VLSFO - USD/MT – 691.31 (+1.33)
MGO - USD/MT – 896.81 (+3.99)
As of Apr. 02, the MABUX MBP/DBP Index (MDI), monitoring 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 continued to be in the undercharge zone, with the underprice premium narrowing by $3 in Rotterdam, $6 in Singapore and $3 in Fujairah, while widening by $6 in Houston. The MDI index in Fujairah hovered around the $100 mark.
- VLSFO segment: All four selected ports were underpriced. The undercharge ratio dropped by $2 in Rotterdam, $7 in Singapore and $2 in Fujairah but rose by $4 in Houston.
- MGO LS segment: Three selected ports were in the undercharge zone, with premiums increasing by $1 in Rotterdam, decreasing by $2 in Singapore and remaining unchanged in Fujairah. Both Rotterdam’s and Singapore's MDI indices stayed above the $100 mark. Houston was the only overpriced port, with the margin narrowing by $1.
We expect Global bunker market to continue upward trajectory on Apr. 03: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 3-7 USD/MT, MGO LS – plus 5-15 USD/MT.
www.mabux.com