Bunker Global Open Directory News
2024-05-02MABUX: Global bunker indices to continue a firm downward trend on May 02.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) experienced a slight decrease on May 01:
380 HSFO - USD/MT - 557.37 (-2.11)
VLSFO - USD/MT – 681.96 (-2.18)
MGO - USD/MT – 870.63 (-2.73)
As of May 01, the MABUX MBP/DBP Index (MDI), tracking 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 continued to be undercharged, with underprice premiums widening by $7 in Fujairah and $1 in Houston. The MDI index in Rotterdam and Singapore remained unchanged.
- VLSFO segment: All four ports were in the undercharged zone, with underprice margins decreasing in Rotterdam by $1, Singapore by $1, and Fujairah by $1. The MDI index in Houston remained unchanged.
- MGO LS segment: Houston was the only overpriced port, with the ratio decreasing further by $1. The other three ports remained undercharged, with margins dropping in Rotterdam by $2, Singapore by $5, but rising in Fujairah by $3. The MDI index in Rotterdam fell below the $100 mark.
We expect a firm downward trend to prevail in the Global bunker market on May 02: 380 HSFO – minus 7-14 USD/MT, VLSFO – minus 8-16 USD/MT, MGO LS –minus 7-16 USD/MT.
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