Bunker Global Open Directory News
2024-04-23MABUX: No firm trend in the Global bunker market on April 23.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) initially increased in the morning but later corrected slightly downward on Apr. 22:
380 HSFO - USD/MT - 549.76 (-1.78)
VLSFO - USD/MT – 687.44 (-1.06)
MGO - USD/MT – 877.27 (-2.17)
As of Apr. 22, the MABUX MBP/DBP Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), indicated the following price trends across major ports: Rotterdam, Singapore, Fujairah, and Houston.
- HSFO segment: All four selected ports were in the undercharge zone, with underprice premiums narrowing by $7 in Rotterdam and $1 in Houston, but widening by $1 in Singapore and $5 in Fujairah. MDI indexes across all ports remained stable below the $100 mark.
- VLSFO segment: All four ports remained underpriced, with undercharge margins rising further by $4 in Rotterdam, $8 in Singapore, $3 in Fujairah, and $1 in Houston.
- MGO LS segment: Houston remained the only overpriced port, with the ratio dropping by $7. The other three ports were undercharged, with the margins increasing by $17 in Rotterdam, $12 in Singapore, and $11 in Fujairah. The MDI index in Rotterdam exceeded the $100 mark.
We do not expect a sustainable trend in the Global bunker market on Apr. 23: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 1-3 USD/MT, MGO LS – plus-minus 2-5 USD/MT.
www.mabux.com