Bunker Global Open Directory News
2024-04-08MABUX: Upward momentum to resume in the Global bunker market on Apr. 08.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) continued changing irregular with no definitive trend on Apr. 05:
380 HSFO - USD/MT - 554.61 (+1.50)
VLSFO - USD/MT – 700.07 (+1.51)
MGO - USD/MT – 911.10 (-1.20)
As of Apr. 05, the MABUX MBP/DBP Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), revealed that all price indices for the primary bunker fuel segments in key ports - Rotterdam, Singapore, Fujairah, and Houston - remained in the underpriced zone.
- HSFO segment: Underprice premiums widened further by $5 in Rotterdam, $5 in Fujairah and $5 in Houston, but narrowed by $1 in Singapore. The MDI index in Fujairah continued to hold above the $100 threshold.
- VLSFO segment: The undercharge ratio rose by $7 in Rotterdam, $2 in Fujairah, and $7 in Houston, but dropped by $1 in Fujairah,
- MGO LS segment: Undercharge margins declined by $6 in Rotterdam, $17 in Singapore and $8 in Fujairah, but increased by $2 in Houston. Both Rotterdam and Singapore MDI indices remained above the $100 mark.
We expect Global bunker indices to resume upward momentum on Apr. 08: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus 5-9 USD/MT.
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