MABUX: Bunker prices may demonstrate irregular changes on Apr.21

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) declined on Apr.20:

380 HSFO – USD/MT – 726.92 (-14.44)
VLSFO – USD/MT – 934.15 (-19.54)
MGO – USD/MT – 1225.26 (-11.04)

As of Apr.20, a correlation of MABUX MBP Index (Market Bunker Prices) vs MABUX DBP Index (Digital Bunker Prices Benchmark) in four largest global hubs showed that 380 HSFO fuel grade was overvalued in all selected ports: Rotterdam – by plus $45 (plus $25 the day before), in Singapore – by plus $126 (plus $108 the day before), in Fujairah – by plus $103 (plus $85 the day before), in Houston by plus $123 (plus $87 the day before). The most significant changes were registered in Houston- the overcharge level increased by 36 points on Apr.20.

VLSFO, according to the MABUX MBP /DBP Index, was overcharged on Apr. 20 in all selected ports. The overcharge ratio was registered in Rotterdam – plus $114 (plus $74 the day before), in Singapore by plus $60 (plus $33 the day before), in Fujairah – by plus $61 (plus $36 the day before), in Houston – plus $98 (plus $85 the day before). The most significant changes were registered in Rotterdam where the overcharge level increased by 40 points on Apr.20.

MGO LS, according to the MABUX MBP /DBP Index, was overcharged in all selected ports on Apr.20: in Rotterdam – by plus $117 (plus $17 the day before), Singapore by plus $51 (plus $15 the day before), in Fujairah – by plus $106 (plus $77 the day before), in Houston – by plus $112 (plus $117 the day before). The most significant changes were registered in Rotterdam -the overcharge level increased by 100 points.

We expect global bunker prices may change irregularly today. The price for 380HSFO and VLSFO may decline by 1-3 USD/MT, the price for MGO may increase by 10-20 USD/MT.

Source: www.mabux.com