Bunker Global Open Directory News
2024-04-12MABUX: Global bunker indices set to decline on Apr. 12.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) changed sideways with no clear trend on Apr. 11:
380 HSFO - USD/MT - 550.63 (+1.32)
VLSFO - USD/MT – 697.46 (+0.75)
MGO - USD/MT – 905.40 (-1.08)
As of Apr. 11, the MABUX MBP/DBP Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), registered underpricing of all main types of bunker fuel across major ports: Rotterdam, Singapore, Fujairah, and Houston.
- HSFO segment: Underprice premiums widened by $5 in Rotterdam, $2 in Singapore, $4 in Fujairah, and $10 in Houston. The MDI index in Fujairah remained stable above the $100 mark.
- VLSFO segment: Undercharge margins rose by $5 in Rotterdam, $5 in Singapore, $6 in Fujairah, and $8 in Houston.
- MGO LS segment: Houston shifted back to the underprice zone, with all four selected ports showing undercharging. Ratios decreased by $6 in Rotterdam, $8 in Singapore, and $9 in Fujairah, but rose by $14 in Houston. Both Rotterdam’s and Singapore’s MDI indices dropped below the $100 mark.
We expect Global bunker indices to edge downwards on Apr. 12: 380 HSFO – minus 3-5 USD/MT, VLSFO – minus 3-7 USD/MT, MGO LS –minus 4-8 USD/MT.
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