Bunker Global Open Directory News2022-11-07
MABUX: Global bunker indices to continue sustainable uptrend on Nov.07
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) demonstrated firm upward evolution in the end of trading day Nov.04.:
380 HSFO - USD/MT – 507.77 (+3.33)
VLSFO - USD/MT – 785.79 (+9.04)
MGO - USD/MT – 1 174.95 (+16.84)
As of November 04, the MABUX MBP/DBP Index (MDI) (comparison of market bunker prices versus the MABUX digital bunker price benchmark) registered a continued reduction of undervaluation premium in the HSFO segment, the return of three out of four selected ports to the overprice zone in the VLSFO segment, while underprice premium up and overprice one down in the MGO LS segment.
We expect global bunker indexes to continue sustainable uptrend on Nov.07: 380 HSFO – plus 8-15 USD/MT, VLSFO – plus 8-20 USD/MT, MGO LS – plus 5-14 USD/MT.www.mabux.com