Bunker Global Open Directory News

2023-05-16

MABUX: Global bunker indices may turn into upward correction on May 16.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued slight downtrend on May 15:

380 HSFO - USD/MT - 473.69 (-2.48)

VLSFO - USD/MT – 592.43 (-1.77)

MGO - USD/MT – 794.81 (-2.74)

As of May 15, MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price Benchmark) registered:

- HSFO segment: bunker fuel prices remained underpriced across all selected ports, showing no significant changes.

- VLSFO segment: Singapore continued to be the only overpriced port, with the MDI stable at a level of plus 10 USD. The remaining three ports were underpriced, with Rotterdam experiencing a slight increase in the undercharge ratio by 5 USD, while Fujairah and Houston saw a decrease by 1 USD and 3 USD respectively.

- MGO LS segment: Rotterdam, Singapore, and Houston observed a drop in undercharge margins ranging from 8-11 USD. However, Fujairah remained the only overcharged port, with the premium increased by 10 points.

We expect Global bunker indices to turn into an upward correction on May 16: 380 HSFO –plus 3-6 USD/MT, VLSFO – plus 3-7 USD/MT, MGO LS – plus 8-15 USD/MT.

www.mabux.com