Bunker Global Open Directory News

2024-05-06

MABUX: Irregular changes with no clear trend to continue in the Global bunker market on May 06.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) changed irregular with no discernible trend on May 03:

380 HSFO - USD/MT - 552.79 (+0.68)

VLSFO - USD/MT – 665.51 (-3.60)

MGO - USD/MT – 849.01 (-4.80)

As of May 03, the MABUX MBP/DBP Index (MDI), tracking 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 in the undercharge zone, with underprice premiums widening by $3 in Rotterdam, $8 in Singapore, and $3 in Houston, but narrowing by $4 in Fujairah.

- VLSFO segment: All four ports continued to be underpriced. Undercharge margins increased in Rotterdam by $2, Fujairah by $5, and Houston by $1. The MDI index in Fujairah remained unchanged.

- MGO LS segment: Houston was the only overpriced port, with the ratio dropping by $1. The other three ports were undercharged, with margins declining in Rotterdam by $7, in Singapore by $4, and in Fujairah by $8. The MDI index in Rotterdam remained below the $100 mark.

We expect Global bunker indices to continue irregular changes with no firm trend on May 06: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 2-4 USD/MT, MGO LS –plus 1-3 USD/MT.

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