Bunker Global Open Directory News
2024-04-22MABUX: Global bunker indices to experience a modest increase on April 22.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) did not show a firm trend and changed irregular on Apr. 19:
380 HSFO - USD/MT - 551.54 (+2.78)
VLSFO - USD/MT – 688.50 (-1.60)
MGO - USD/MT – 879.44 (-5.50)
As of Apr. 19, 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 remained undercharged, with underprice premiums widening by $3 in Rotterdam but narrowing by $33 in Singapore, $14 in Fujairah, and $5 in Houston. The MDI indexes in all ports remained stable below the $100 mark.
- VLSFO segment: All four ports were underpriced, with undercharge margins rising by $3 in Rotterdam but declining by $1 in Singapore, $2 in Fujairah, and $3 in Houston.
- MGO LS segment: Houston was the only overpriced port, with the ratio rising furher by $6. The other three ports remained in the undercharge zone, with the margins dropping by $12 in Rotterdam, and $11 in Singapore, and $24 in Fujairah. All ports stayed below the $100 mark.
We expect Global bunker indices to trend upwards on Apr. 22: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus 1-3 USD/MT.
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