Bunker Global Open Directory News
2024-05-01MABUX: Slight downward trend to prevail in the Global bunker market on May 01.
MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO) changed irregular on Apr. 30:
380 HSFO - USD/MT - 559.48 (+3.68)
VLSFO - USD/MT – 684.14 (-3.41)
MGO - USD/MT – 873.36 (-1.97)
As of Apr. 30, the MABUX MBP/DBP Index (MDI), monitoring 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 by $5 in Rotterdam, $13 in Singapore, $11 in Fujairah and $8 in Houston.
- VLSFO segment: All four ports continued to be undercharged, with underprice margins decreasing in Rotterdam by $7, Singapore by $4, Fujairah by $7, and in Houston by $7.
- MGO LS segment: Houston remained the only overpriced port, with the ratio declining by $1. The other three ports remained undercharged, with margins dropping in Rotterdam by $5, Singapore by $4, but rising in Fujairah by $5. The MDI index in Rotterdam stayed above the $100 mark.
We expect a slight downward trend to continue in the Global bunker market on May 01: 380 HSFO – minus 1-3 USD/MT, VLSFO – minus 2-4 USD/MT, MGO LS –minus 3-5 USD/MT.
www.mabux.com