Bunker Global Open Directory News
2024-05-07MABUX: Slight upward trend to prevail in the Global bunker market on May 07.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) continued irregular changes on May 06:
380 HSFO - USD/MT - 550.90 (-1.89)
VLSFO - USD/MT – 664.44 (-1.07)
MGO - USD/MT – 850.64 (+1.63)
As of May 06, the MABUX MBP/DBP Index (MDI), monitoring the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), observed 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 narrowing by $7 in Singapore, $11 in Fujairah, and $1 in Houston. The MDI index in Rotterdam remained unchanged.
- VLSFO segment: All four ports were in the underprice zone. Undercharge margins decreased in Rotterdam by $3, Singapore by $9, and Fujairah by $3. The MDI index in Houston remained stable, while those in Singapore and Fujairah approached close to the 100-percent correlation mark between market price and MABUX digital benchmark.
- MGO LS segment: Fujairah moved to the overcharge zone and joined Houston. The overprice premiums rose by $30 in Fujairah but dropped by $3 in Houston. Rotterdam and Singapore remained undervalued, with the margins increasing by $1 and $4 respectively. The MDI index in Rotterdam and Singapore stayed close to the $100 mark.
We expect Global bunker indices to shift to a slight upward trend on May 07: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 2-4 USD/MT, MGO LS –plus 2-5 USD/MT.
www.mabux.com