Bunker Global Open Directory News
2024-04-15MABUX: Upward trend to dominate in Global bunker market on Apr. 15.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) trended lower on Apr. 12:
380 HSFO - USD/MT - 550.19 (-0.44)
VLSFO - USD/MT – 696.82 (-0.64)
MGO - USD/MT – 904.81 (-0.59)
As of Apr. 12, the MABUX MBP/DBP Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), registered the following price trends across major ports: Rotterdam, Singapore, Fujairah, and Houston.
- HSFO segment: All four selected ports continued to be underpriced, with premiums narrowing by $1 in Rotterdam, $4 in Singapore, $8 in Fujairah, and $14 in Houston. The MDI index in Fujairah approached closer to the $100 mark.
- VLSFO segment: All four ports were in the undercharge zone, with undercharge margins declining by $6 in Rotterdam, $4 in Singapore, $7 in Fujairah, and $9 in Houston.
- MGO LS segment: Houston returned to the overprice zone, being the only overvalued port. The overcharge premium increased by $16. The other three ports remained underpriced, with the ratio decreasing further by $11 in Rotterdam, $6 in Singapore, and $8 in Fujairah. The MDI indices for all ports remained steadily below the $100 mark.
We expect Global bunker indices to head upward on Apr. 15: 380 HSFO – plus 3-5 USD/MT, VLSFO – plus 3-7 USD/MT, MGO LS –plus 4-8 USD/MT.
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