Bunker Global Open Directory News
2024-04-11MABUX: Irregular changes with no firm trend to prevail in the Global bunker market on Apr. 11.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) continued downward trend on Apr. 10:
380 HSFO - USD/MT - 549.31 (-2.88)
VLSFO - USD/MT – 696.71 (-1.40)
MGO - USD/MT – 906.48 (-3.03)
As of Apr. 10, the MABUX MBP/DBP Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), highlighted the following trends across major ports: Rotterdam, Singapore, Fujairah, and Houston.
- HSFO segment: All four selected ports continued to be in the undercharge zone, with underprice premiums narrowing by $1 in Rotterdam, $1 in Singapore, and $5 in Fujairah, but widening by $2 in Houston. The MDI index in Fujairah remained above the $100 threshold.
- VLSFO segment: All four ports were undercharged, with margins decreasing further by $3 in Rotterdam, $7 in Singapore, $9 in Fujairah, and $8 in Houston.
- MGO LS segment: Houston was the only overcharged port, with the overprice premium increasing by $9. The other three ports were underpriced with ratios dropping further by $6 in Rotterdam, $12 in Singapore and $11 in Fujairah. Both Rotterdam’s and Singapore’s MDI indices approached the $100 mark.
We do not expect a sustained trend in the Global bunker market on Apr. 11, with bunker indices changing sideways: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 3-7 USD/MT, MGO LS – plus-minus 3-8 USD/MT.
www.mabux.com