Bunker Global Open Directory News
2023-03-14MABUX: Global bunker market to turn down on Mar. 14.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) did not have any firm trend and changed irregular on Mar. 13:
380 HSFO - USD/MT - 480.82 (+3.65)
VLSFO - USD/MT – 654.80 (+2.56)
MGO - USD/MT – 916.89 (-0.55)
As of March 13, MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price Benchmark) registered:
- HSFO segment: slight further widening of underprice premium at all selected ports.
- VLSFO segment: undercharge ratio increased at three selected ports: Rotterdam, Singapore and Fujairah. Overcharge premium at Houston further narrowed.
- MGO LS segment: no firm trend in undercharge margins at three selected ports. Overcharge ratio at Fujairah went down.
We expect Global bunker indices to retreat on Mar.14: 380 HSFO – minus 3-9 USD/MT, VLSFO – minus 5-12 USD/MT, MGO LS – minus 3-8 USD/MT.
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