Bunker Global Open Directory News

2023-03-06

MABUX: Global bunker indices to trend higher on Mar. 06.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) demonstrated slight upward evolution on Mar. 03:

380 HSFO - USD/MT 485.76 (+2.21)

VLSFO - USD/MT – 670.77 (+1.84)

MGO - USD/MT – 960.36 (+2.90)

As of March 03, the MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price Benchmark) registered:

- HSFO segment: no sustainable trend while underprice premium changed irregular at all selected ports.

- VLSFO segment: slight widening of undercharge ratio at three selected ports – Rotterdam, Singapore and Houston while overcharge at Fujairah further down.

- MGO LS segment: flat undercharge and overcharge margins at all selected ports.

We expect Global bunker indices to start the week uptrending: 380 HSFO – plus 3-8 USD/MT, VLSFO – plus 5-12 USD/MT, MGO LS – plus 5-12 USD/MT.

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