Bunker Global Open Directory News
2024-04-29MABUX: Global bunker indices to continue upward trend on April 29.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) headed upwards on Apr. 26:
380 HSFO - USD/MT - 553.59 (+4.67)
VLSFO - USD/MT – 685.37 (+1.81)
MGO - USD/MT – 873.85 (+1.23)
As of Apr. 26, the MABUX MBP/DBP Index (MDI), which monitors 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 were undercharged, with underprice premiums narrowing further by $3 in Rotterdam, $3 in Singapore, and $2 in Houston, while widening by $5 in Fujairah.
- VLSFO segment: Underpricing persisted across all four ports, with undercharge margins increasing in Rotterdam by $3, Singapore by $2, Fujairah by $7, and Houston by $3.
- MGO LS segment: Houston remained the sole overpriced port, with the ratio rising further by $4. The other three ports were undercharged, with margins declining in Rotterdam by $9, Singapore by $20, and Fujairah by $11. The MDI index in Rotterdam fell below the $100 mark.
We anticipate a further increase in the Global bunker indices on Apr. 29: 380 HSFO – plus 1-3 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus-minus 1-8 USD/MT.
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