Bunker Global Open Directory News

2023-01-17

MABUX: Global bunker market awaits new direction on Jan.17.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued rising on Jan. 16, the fourth day in a row:

380 HSFO - USD/MT – 471.02 (+3.49)

VLSFO - USD/MT – 688.82 (+9.69)

MGO - USD/MT – 1 042.70 (+6.87)

As of January 16, the MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price Benchmark) registered slight widening of underpice premium in the HSFO segment, transition of Singapore to overcharge zone where it joined Houston in the VLSFO segment, overcharge premium at Fujairah slightly up and undercharge premium unchanged in the other three selected ports in the MGO LS segment.

We do not expect sustainable trend in Global bunker market on Jan.17: 380 HSFO – minus 2-4 USD/MT, VLSFO – minus 2-5 USD/MT, MGO LS – plus 1-4 USD/MT.

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