MABUX World Bunker Index (is made of a selection of costs for 380 HSFO, VLSFO and MGO in the primary globe hubs) increased on Apr.28:
380 HSFO – USD/MT – 733.77 (+12.97)
VLSFO – USD/MT – 932.02 (+6.31)
MGO – USD/MT – 1249.17 (+29.46)
As of Apr.28, a correlation of MABUX MBP Index (Market Bunker Prices) vs MABUX DBP Index (Digital Bunker costs Benchmark) in four biggest worldwide hubs indicated that 380 HSFO gasoline level had been overvalued in every chosen harbors: Rotterdam – by plus $29 (plus $41 your day before), in Singapore – by plus $137 (plus $134 your day before), in Fujairah – by plus $87 (plus $91 your day before), in Houston by plus $110 (plus $108 your day before). The most important modifications had been subscribed in Rotterdam- the overcharge degree declined by 12 things on Apr.28.
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VLSFO, in line with the MABUX MBP /DBP Index, had been overcharged on Apr. 28 in every chosen harbors. The overcharge proportion had been subscribed in Rotterdam – plus $82 (plus $80 your day before), in Singapore by plus $42 (plus $40 your day before), in Fujairah – by plus $57 (no changes), in Houston – plus $67 (plus $72 your day before). The most important modifications had been subscribed in Houston where in actuality the overcharge amount reduced by 5 things on Apr.28.
MGO LS, in line with the MABUX MBP /DBP Index, had been overcharged in 2 away from four picked ports on Apr.28: in Rotterdam – by plus $76 (plus $105 your day before), in Fujairah – by plus $68 (plus $105 your day before). This gasoline level became undervalued in Singapore by minus $2 (plus $21 your day before), in Houston – by minus $93 (minus $52 your day before). The most important modifications had been subscribed in Fujairah (the overcharge amount decreased by 37 things) and Houston (the undercharge amount increased by 41 things).
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We anticipate worldwide bunker costs may increase these days. The cost for 380HSFO may boost by 10-15 USD/MT, and VLSFO may increase by 15-20 USD/MT, the purchase price for MGO may boost by 20-30 USD/MT.