Bunker Global Open Directory News
2024-04-24MABUX: Global bunker indices to head upwards on April 24.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) showed a slight downward trend on Apr. 23:
380 HSFO - USD/MT - 548.74 (-1.02)
VLSFO - USD/MT – 685.75 (-1.69)
MGO - USD/MT – 873.87 (-3.40)
As of Apr. 23, the MABUX MBP/DBP Index (MDI), which tracks the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), revealed the following price trends across major ports: Rotterdam, Singapore, Fujairah, and Houston.
- HSFO segment: All four selected ports continued to be undercharged, with underprice premiums narrowing further by $4 in Rotterdam, $3 in Singapore, $4 in Fujairah and $7 in Houston.
- VLSFO segment: All four ports remained underpriced. Undercharge margins decreased by $3 in Rotterdam, $9 in Singapore, $6 in Fujairah, and $10 in Houston. The MDI index in Fujairah is nearing the 100% correlation mark between market price and MABUX digital benchmark.
- MGO LS segment: Houston stood as the only overpriced port, with the ratio dropping further by $1. The other three ports remained in the undercharge zone, with the margins declining by $7 in Rotterdam, $13 in Singapore, and $16 in Fujairah. The MDI index in Rotterdam fell below the $100 mark again.
We expect Global bunker indices to turn to a slight upward evolution on Apr. 24: 380 HSFO – plus 2-5 USD/MT, VLSFO – plus 3-7 USD/MT, MGO LS – plus 2-5 USD/MT.
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