Bunker Global Open Directory News2021-05-04
MABUX: Bunker prices may rise slightly today
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) demonstrated slight downward evolution on May 03:
380 HSFO - USD/MT – 423.94 (-2.64)
VLSFO - USD/MT – 519.82 (-4.25)
MGO - USD/MT – 595.29 (-3.00)
MABUX ARA LNG Bunker Index, available from April 29, 2021 and calculated as the average price of LNG as a marine fuel in the ARA region, showed 517.31 USD/MT on May 03 (- 2.02 USD).
As of May 03, 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 undervalued in all selected ports in the range from minus $ 3 in Houston to minus $ 36 in Singapore. The situation with a slight underestimation of this type of fuel in all major hubs remains unchanged.
VLSFO, according to the DBP Index, was undercharged at three selected ports, ranging from minus $ 20 in Rotterdam to minus $ 29 in Fujairah and minus $ 30 in Singapore. The overcharge of this type of fuel in Houston remains at the level of plus $ 7.
DBP Index also registered the undercharge of MGO LS at three selected ports while the value of underestimation increased slightly: from minus $ 18 in Houston to minus $ 40 and minus $ 43 in Rotterdam and Singapore, respectively.
We expect bunker prices may rise slightly today: IFO – by 2-5 USD, VLSFO – by 2-7 USD, MGO LS – by 7-9 USD.www.mabux.com