Bunker Global Open Directory News
2024-04-17MABUX: Global bunker market to await new direction on Apr. 17.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) continued changing sideways on Apr. 16:
380 HSFO - USD/MT - 551.48 (+1.25)
VLSFO - USD/MT – 693.77 (-1.79)
MGO - USD/MT – 895.75 (-6.33)
As of Apr. 17, the MABUX MBP/DBP Index (MDI), which tracks 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 undercharged, with premiums narrowing by $2 in Rotterdam, $9 in Singapore, $7 in Fujairah, and $4 in Houston. The MDI index in Fujairah approached closer to the $100 mark.
- VLSFO segment: All four ports remained underpriced, with undercharge margins decreasing by $2 in Rotterdam, $8 in Singapore, and $4 in Fujairah, but increasing by $8 in Houston.
- MGO LS segment: Houston continued to be the only overpriced port, with the premium declining by $4. The other three ports were underpriced, with the ratio decreasing by $20 in Rotterdam, $26 in Singapore, and $21 in Fujairah. The MDI indices for Rotterdam and Singapore dropped below the $100 mark.
We expect Global bunker indices to continue irregular fluctuations on Apr. 17: 380 HSFO – plus-minus 0-3 USD/MT, VLSFO – plus-minus 0-3 USD/MT, MGO LS –plus-minus 0-3 USD/MT.
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