Bunker Global Open Directory News
2024-04-04MABUX: Sustained upward trend expected to persist in the Global bunker market on Apr. 04.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) continued to show a firm upward evolution on Apr. 03, marking the fourth consecutive day of gains:
380 HSFO - USD/MT - 553.99 (+4.63)
VLSFO - USD/MT – 699.08 (+7.77)
MGO - USD/MT – 906.37 (+9.56)
As of Apr. 03, 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 stayed in the undercharge zone, with the underprice premium narrowing by $3 in Rotterdam, while widening by $5 in Singapore, $4 in Fujairah and $6 in Houston. The MDI index in Fujairah remained above the $100 mark.
- VLSFO segment: All four selected ports continued to be underpriced. The undercharge ratio dropped by $4 in Rotterdam but rose by $8 in Singapore, $9 in Fujairah and $7 in Houston.
- MGO LS segment: Houston moved into the underprice zone, joining the other three ports, resulting in all four selected ports being underpriced. The undercharge premiums increased by $11 in Rotterdam, $20 in Singapore, $20 in Fujairah, and $13 in Houston. MDI indices in both Rotterdam and Singapore remained firmly above the $100 mark.
We expect a sustained upward trend to continue in the Global bunker market on Apr. 04: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus 5-10 USD/MT.
www.mabux.com