Bunker Global Open Directory News
2024-04-19MABUX: Slight downward trend to continue in the Global bunker market on Apr. 19.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) showed a firm downward movement on Apr. 18:
380 HSFO - USD/MT - 548.76 (-4.98)
VLSFO - USD/MT – 690.10 (-4.52)
MGO - USD/MT – 884.94 (-8.80)
As of Apr. 18, 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 were undercharged, with premiums narrowing by $5 in Rotterdam, $13 in Singapore, $13 in Fujairah, and $9 in Houston. The MDI index in Fujairah remained steady below the $100 mark.
- VLSFO segment: All four ports stayed in the underprice zone, with undercharge margins declining by $10 in Rotterdam, $10 in Singapore, $10 in Fujairah, and $14 in Houston.
- MGO LS segment: Houston continued to be the sole overpriced port, with the ratio rising by $14. The other three ports remained underpriced, with the margins growing further by $4 in Rotterdam, and $9 in Singapore, but dipping by $1 in Fujairah. The MDI index in Rotterdam returned to the $100 mark.
We expect Global bunker indices to maintain a slight downward trend on Apr. 19: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 1-3 USD/MT, MGO LS – minus 6-12 USD/MT.
www.mabux.com