Bunker Global Open Directory News
2024-07-29MABUX: Global bunker indices to revert to a downward trend on Jul.29.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), demonstrated downward trend on Jul.26 for the fourth consecutive day:
380 HSFO - USD/MT - 541.06 (+0.06)
VLSFO - USD/MT – 642.49 (+0.39)
MGO - USD/MT – 828.69 (+1.06)
As of Jul.26, the MABUX MBP/DBP Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), registered the underpricing of all bunker fuel types across key ports – Rotterdam, Singapore, Fujairah, and Houston:
- HSFO segment: The underprice premium increased by $2 in Rotterdam, $4 in Singapore, $12 in Fujairah, and $1 in Houston.
- VLSFO segment: The underprice margins widened by $1 in Rotterdam, $7 in Singapore, $6 in Fujairah, and $4 in Houston.
- MGO LS segment: Houston returned to the undercharge zone, making all four selected ports underpriced. The underprice ratio declined by $3 in Rotterdam but rose by $1 in Singapore, $1 in Fujairah, and $11 in Houston. The MDI index in Rotterdam and Singapore stayed steady above the $100 mark.
We expect Global bunker indices to revert to a slight downward trend on Jul.29: 380 HSFO – minus 3-5 USD/MT, VLSFO – minus 3-6 USD/MT, MGO LS – minus 5-12 USD/MT.
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