Bunker Global Open Directory News
2023-03-21MABUX: Uptrend to prevail in Global bunker market on Mar. 21.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) reverted to downtrend on Mar. 20:
380 HSFO - USD/MT - 454.26 (-8.72)
VLSFO - USD/MT – 612.41 (-12.52)
MGO - USD/MT – 894.07 (-3.12)
As of March 20, MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price Benchmark) registered:
- HSFO segment: underprice premium slightly widened at Rotterdam, Fujairah and Houston while up at Singapore.
- VLSFO segment: undercharge ratio slightly down at Rotterdam but up at Fujairah. Singapore returned to underprice zone. Fujairah remained the only overprice port, overcharge premium slightly down.
- MGO LS segment: undercharge margins demonstrated a firm upward evolution at three selected ports: Rotterdam, Singapore and Houston. Overcharge premium at Fujairah continued to narrow.
We expect Global bunker market still keeps the potential for uptrend on Mar.21: 380 HSFO – plus 3-5 USD/MT, VLSFO –plus 3-7 USD/MT, MGO LS – plus-minus 2-5 USD/MT.
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