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Bunker Global Free Directory

Bunker Global Open Directory News

2023-03-17

MABUX: Global bunker indices to revert to uptrend on Mar. 17.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued a firm downtrend on Mar. 16:

380 HSFO - USD/MT - 455.54 (-11.72)

VLSFO - USD/MT – 619.30 (-14.94)

MGO - USD/MT – 890.33 (-17.75)

As of March 16, MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price Benchmark) registered:

- HSFO segment: underprice premium stayed flat at all selected ports.

- VLSFO segment: undercharge ratio slightly down at Rotterdam and Fujairah while there was 100 percent correlation between market and digital price indexes at Singapore. Overcharge premium at Houston continued rising moderately.

- MGO LS segment: undercharge margins decreased at Rotterdam, Singapore and Houston. Overcharge ratio at Fujairah widened further and exceeding $200 mark.

We expect Global bunker indices to revert to uptrend on Mar.17: 380 HSFO – plus 3-5 USD/MT, VLSFO – plus 3-7 USD/MT, MGO LS – plus 5-12 USD/MT.

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