Bunker Global Open Directory News

2024-04-16

MABUX: Global bunker market to shift to the downward trend on Apr. 16.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) changed irregular with no firm dynamics on Apr. 15:

380 HSFO - USD/MT - 550.23 (+0.04)

VLSFO - USD/MT – 695.56 (-1.26)

MGO - USD/MT – 902.08 (-2.73)

As of Apr. 15, the MABUX MBP/DBP Index (MDI), monitoring 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 were in the underpriced zone, with premiums widening by $2 in Rotterdam, $3 in Singapore, and $3 in Fujairah. The MDI index in Houston remained unchanged, while those in Fujairah stayed above the $100 mark.

- VLSFO segment: All four ports remained underpriced, with undercharge margins increasing by $4 in Rotterdam, $6 in Singapore, $4 in Fujairah, and $7 in Houston.

- MGO LS segment: Houston was the only overprice port, with the MDI index remaining unchanged. The other three ports continued to be underpriced, with the ratio rising by $21 in Rotterdam, $23 in Singapore, and $3 in Fujairah. The MDI indices for Rotterdam and Singapore surpassed the $100 mark again.

We expect Global bunker indices to turn into downward movement on Apr. 16: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 1-3 USD/MT, MGO LS –minus 4-11 USD/MT.

www.mabux.com