Bunker Global Open Directory News

2023-03-08

MABUX: Firm downtrend to prevail in Global bunker market on Mar.08

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) remained rangebound on Mar. 07:

380 HSFO - USD/MT - 496.63 (+4.13)

VLSFO - USD/MT – 677.35 (+5.86)

MGO - USD/MT – 957.92 (-1.56)

As of March 07, MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price Benchmark) registered:

- HSFO segment: slight narrowing of underprice premium at all selected ports.

- VLSFO segment: no firm trend in undercharge ratio changes while overcharge premium at Fujairah is close to zero point.

- MGO LS segment: undercharge margins narrowed slightly at three selected ports: Rotterdam, Singapore and Houston while overcharge ratio at Fujairah, on the contrary, widened.

We expect a firm downtrend to prevail in Global bunker market on Mar.08: 380 HSFO – minus 5-10 USD/MT, VLSFO – minus 7-15 USD/MT, MGO LS – minus 10-20 USD/MT.

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