Bunker Global Open Directory News

2024-04-26

MABUX: Global bunker indices to change sideways on on April 26.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) showed a slight downward movement on Apr. 25:

380 HSFO - USD/MT - 548.92 (-1.43)

VLSFO - USD/MT – 683.56 (-4.20)

MGO - USD/MT – 872.62 (-3.46)

As of Apr. 25, 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 price trends across major ports: Rotterdam, Singapore, Fujairah, and Houston.

- HSFO segment: All four selected ports continued to be undercharged, with underprice premiums narrowing by $1 in Singapore, $5 in Fujairah, and $2 in Houston. The MDI index in Rotterdam remained unchanged.

- VLSFO segment: All four ports were in the underprice zone. Undercharge margins decreased by $1 in Rotterdam, and $1 in Fujairah, but increased by $2 in Singapore, and $3 in Houston.

- MGO LS segment: Houston was registered as the only overpriced port, with the ratio rising by $4. The other three ports were undercharged, with margins rising by $4 in Rotterdam, $4 in Singapore, and $5 in Fujairah. The MDI index in Rotterdam remained above the $100 mark.

We do not expect a firm trend in the Global bunker market on Apr. 26: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 2-5 USD/MT, MGO LS – minus 1-5 USD/MT.

www.mabux.com