Bunker Global Open Directory News
2024-03-14MABUX: Global bunker market to shift to an upward evolution on Mar.14.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) continued changing irregular on Mar. 13:
380 HSFO - USD/MT - 536.18 (+0.82)
VLSFO - USD/MT – 677.11 (+1.92)
MGO - USD/MT – 895.24 (-2.15)
As of Mar. 13, 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 trends at four key ports: Rotterdam, Singapore, Fujairah, and Houston.
- HSFO segment: All four selected ports continued to be undercharged. The underprice premium narrowed by $3 in Rotterdam, $6 in Singapore, $2 in Fujairah and $2 in Houston. MDI index in Fujairah approached close to the $100 mark.
- VLSFO segment: Three selected ports were overcharged, with the overprice ratio increasing by $7 in Singapore, $4 in Fujairah and $6 in Houston. Rotterdam remained the only underpriced port, with premium decreasing by $2.
- MGO LS segment: Houston was the sole port in the overcharge zone, with the margin rising by $17. The other three ports were undercharged, with the ratio dropping by $16 in Rotterdam, $13 in Singapore, and $24 in Fujairah. MDI index in both Rotterdam and Singapore approached close to the $100 mark.
We expect Global bunker indices to shift to an upward trend on Mar. 14: 380 HSFO – plus 4-9 USD/MT, VLSFO – plus 5-10 USD/MT, MGO LS – plus 5-12 USD/MT.
www.mabux.com