Bunker Global Open Directory News
2024-04-10MABUX: Global bunker indices to continue drifting lower on Apr. 10.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) sustained its downward trajectory on Apr. 09:
380 HSFO - USD/MT - 552.19 (-1.79)
VLSFO - USD/MT – 698.11 (-1.77)
MGO - USD/MT – 909.51 (-5.17)
As of Apr. 08, the MABUX MBP/DBP Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), revealed the following trends across key ports: Rotterdam, Singapore, Fujairah, and Houston.
- HSFO segment: All four selected ports experienced undercharging, with the underprice premiums narrowing by $5 in Singapore, $2 in Fujairah and $3 in Houston. The MDI index in Rotterdam remained unchanged, while in Fujairah it continued to hover above the $100 threshold.
- VLSFO segment: All four ports were in the underprice zone, with margins decreasing by $5 in Rotterdam, $4 in Fujairah but increasing by $4 in Houston. The MDI index in Singapore stayed unchanged.
- MGO LS segment: Houston moved into the overcharge, becoming the sole overpriced port, with its premium increasing by $10. Conversely, the other three ports were underpriced with ratio dropping by $11 in Rotterdam, $17 in Singapore and $17 in Fujairah. Both Rotterdam’s and Singapore’s MDI indices remained above the $100 mark.
We expect downward trend to continue in the Global bunker market on Apr. 10: 380 HSFO – minus 2-5 USD/MT, VLSFO – minus 3-6 USD/MT, MGO LS – minus 5-9 USD/MT.
www.mabux.com