Bunker Global Open Directory News
2023-01-23MABUX: Global bunker market to continue uptrend on Jan.23.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) demonstrated the early signs of uptrend on Jan. 20, the third day in a row:
380 HSFO - USD/MT – 483.50 (+5.21)
VLSFO - USD/MT – 705.27 (+8.45)
MGO - USD/MT – 1 047.63 (+6.62)
As of January 20, the MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price Benchmark) registered slight narrowing of underprice premium in the HSFO segment, Rotterdam as the only underpriced port in the VLSFO segment, and on the contrary Fujairah as the only overpriced port in the MGO LS segment.
We expect Global bunker indices to continue upward evolution on Jan.23: 380 HSFO – plus 2-7 USD/MT, VLSFO – plus 3-10 USD/MT, MGO LS – plus 10-25 USD/MT.
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