Bunker Global Open Directory News
2024-04-30MABUX: Global bunker indices to shift to a downward trend on April 30.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) demonstrated a slight upward evolution on Apr. 29:
380 HSFO - USD/MT - 555.80 (+2.21)
VLSFO - USD/MT – 687.55 (+2.18)
MGO - USD/MT – 875.33 (+1.48)
As of Apr. 29, the MABUX MBP/DBP Index (MDI), tracking 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 widening by $2 in Rotterdam, while narrowing by $2 in Fujairah and $1 in Houston. The MDI index in Singapore remained unchanged.
- VLSFO segment: All four ports were in the undercharge zone, with underprice margins increasing further in Rotterdam by $5, Singapore by $3, and Fujairah by $7, while decreasing in Houston by $1.
- MGO LS segment: Houston was registered as the sole overpriced port, with the ratio declining by $1. The other three ports remained undercharged, with margins rising in Rotterdam by $9, Singapore by $18, and Fujairah by $10. The MDI index in Rotterdam exceeded the $100 mark.
We expect Global bunker indices to shift to a downward trend on Apr. 30: 380 HSFO – minus 2-5 USD/MT, VLSFO – minus 3-6 USD
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