Bunker Global Open Directory News

2024-04-05

MABUX: Irregular changes to continue in the Global bunker market Apr. 05.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) changed irregular with no clear trend on Apr. 04:

380 HSFO - USD/MT - 553.11 (-0.88)

VLSFO - USD/MT – 698.56 (-0.52)

MGO - USD/MT – 912.30 (+5.93)

As of Apr. 05, the MABUX MBP/DBP Index (MDI), which monitors the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), indicated that all price indices across the main bunker fuel segments in four key ports - Rotterdam, Singapore, Fujairah, and Houston - are in the underpriced zone.

- HSFO segment: underprice premiums widened by $2 in Rotterdam, $2 in Singapore, $2 in Fujairah and $5 in Houston. The MDI index in Fujairah remains stable above the $100 mark.

- VLSFO segment: The undercharge ratio rose by $1 in Rotterdam, $20 in Singapore, $15 in Fujairah, and $5 in Houston.

- MGO LS segment: Undercharge margins increased by $7 in Rotterdam, $12 in Singapore, $18 in Fujairah, but decreased by $2 in Houston. Both Rotterdam and Singapore MDI indices stayed robustly above the $100 mark, while the MDI index in Houston approached a 100-percent correlation between market price and the MABUX digital benchmark.

We do not expect a firm trend in the Global bunker market on Apr. 05: 380 HSFO – plus 2-6 USD/MT, VLSFO – plus 3-7 USD/MT, MGO LS – plus-minus 2-9 USD/MT.

www.mabux.com