Bunker Global Open Directory News

2023-03-15

MABUX: Global bunker indices to continue firm downtrend on Mar. 15.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) reverted to downtrend on Mar. 14:

380 HSFO - USD/MT - 475.00 (-5.82)

VLSFO - USD/MT – 646.96 (-7.84)

MGO - USD/MT – 912.44 (-4.45)

As of March 14, MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price Benchmark) registered:

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

- VLSFO segment: no significant changes in undercharge ratio at three selected ports: Rotterdam, Singapore and Fujairah. Overcharge premium at Houston reverted to uptrend.

- MGO LS segment: flat undercharge margins at three selected ports. Overcharge ratio at Fujairah slightly up.

We expect downtrend to prevail in Global bunker market on Mar.15: 380 HSFO – minus 5-15 USD/MT, VLSFO – minus 8-18 USD/MT, MGO LS – minus 3-12 USD/MT.

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