Bunker Global Open Directory News
2023-03-10MABUX: Downtrend to prevail in Global bunker market on Mar. 10.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued downtrend on Mar. 09:
380 HSFO - USD/MT - 484.82 (-4.25)
VLSFO - USD/MT – 659.77 (-8.28)
MGO - USD/MT – 927.06 (-19.14)
As of March 09, MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price Benchmark) registered:
- HSFO segment: continued slight narrowing of underprice premium at all selected ports.
- VLSFO segment: undercharge ratio continued narrowing at three selected ports: Rotterdam, Singapore and Fujairah, while overcharge premium at Fujairah widened further.
- MGO LS segment: undercharge margins down at Rotterdam, Singapore and up at Houston. Overcharge ratio at Fujairah continued rising.
We expect a firm downtrend to continue in Global bunker market on Mar.10: 380 HSFO – minus 1-4 USD/MT, VLSFO – minus 2-7 USD/MT, MGO LS – minus 5-15 USD/MT.
www.mabux.com