Bunker Global Open Directory News

2023-03-22

MABUX: No sustainable trend in Global bunker market on Mar. 22.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) changed irregular on March 21 despite uptrend forecast made the day before:

380 HSFO - USD/MT - 458.40 (+4.14)

VLSFO - USD/MT – 615.76 (+3.35)

MGO - USD/MT – 893.44 (-0.63)

As of March 21, 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 narrowed at Singapore.

- VLSFO segment: undercharge ratio slightly up at Rotterdam but down at Fujairah. At Singapore MDI registered 100 % correlation between market price and MABUX digital benchmark. Houston is the only overprice port, overcharge premium continued narrowing.

- MGO LS segment: undercharge margins reverted to downtrend at three selected ports: Rotterdam, Singapore and Houston. Overcharge premium at Fujairah unchanged.

We expect Global bunker indices to change irregular on Mar.22: 380 HSFO – plus 4-9 USD/MT, VLSFO –plus 5-12 USD/MT, MGO LS – plus-minus 3-5 USD/MT.

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