Bunker Global Open Directory News2021-04-30
MABUX: bunker prices may continue upward trend on Apr.30.
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) continued upward trend on Apr.29:
380 HSFO - USD/MT – 422.29 (+1.78)
VLSFO - USD/MT – 518.62 (+3.73)
MGO - USD/MT – 594.37 (+5.89)
As of April 29, a correlation of MBP Index (Market Bunker Prices) vs DBP Index (Digital Bunker Prices = MABUX Digital Benchmark) in four largest global hubs showed that 380 HSFO fuel remained undercharged in all four selected ports in a range from minus $6 (Fujairah) to minus $40 (Singapore).
According to DBP Index, VLSFO was underestimated in Rotterdam (minus $11), Singapore (minus $36) and Fujairah (minus $28). In Houston this fuel grade is still overcharged by plus $1.
As per DBP Index, MGO LS remained undervalued in all selected ports in a range from minus $13 (Houston) to minus $51 (Singapore).
We expect bunker prices may continue upward changes today. Price for 380 HSFO may rise by 5-7 USD, for VLSFO - by 7-9 USD. The price for MGO may add 4-6 USD.www.mabux.com