Bunker Global Open Directory News2021-05-03
MABUX: bunker prices may decline on May 03.
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.30:
380 HSFO - USD/MT – 426.58 (+4.29)
VLSFO - USD/MT – 524.07 (+5.45)
MGO - USD/MT – 598.29 (+3.92)
As of April 30, 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 $7 (Houston) to minus $39 (Singapore).
According to DBP Index, VLSFO was underestimated in Rotterdam (minus $22), Singapore (minus $36) and Fujairah (minus $34). 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 $23 (Houston) to minus $46 (Singapore).
We expect bunker prices may turn into downward changes today. Price for 380 HSFO may decrease by 5-7 USD, for VLSFO - by 7-9 USD. The price for MGO may decline by 7-10 USD.www.mabux.com