Bunker Global Open Directory News
2023-05-17MABUX: Irregular changes to prevail in Global bunker market on May 17.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) demonstrated upward correction on May 16:
380 HSFO - USD/MT - 477.15 (+3.46)
VLSFO - USD/MT – 598.39 (+5.96)
MGO - USD/MT – 802.12 (+7.31)
As of May 16, 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 in all selected ports with the undercharge premium widening within a range of 1-6 USD.
- VLSFO segment: The fuel is undervalued in three ports selected. Underpricing margins rose by 2-5 USD. Singapore remained the only overpriced port while MDI decreased here by minus 5 USD.
- MGO LS segment: the underprice ratio increased in Rotterdam, Singapore, and Houston by 1 USD, 6 USD and 12 USD respectively. Fujairah remained the only overcharged port, with a decrease of 1 point in the premium.
We do not expect Global bunker indices to have a sustainable trend on May 17: 380 HSFO –minus 1-3 USD/MT, VLSFO – minus 1-3 USD/MT, MGO LS – plus-minus 1-4 USD/MT.
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