Bunker Global Open Directory News
2023-05-18MABUX: Bunker indices to trend higher on May 18.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) slightly decreased on May 17:
380 HSFO - USD/MT - 477.06 (-0.09)
VLSFO - USD/MT – 596.24 (-2.15)
MGO - USD/MT – 790.85 (-11.27)
As of May 17, MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price Benchmark) registered:
- HSFO segment: bunker fuel prices were underpriced in all selected ports with no any sustainable trend in the undercharge premium.
- VLSFO segment: The fuel was undervalued in three ports selected; underpricing margins dropped by 1-4 USD. Singapore remained the only location with overpriced fuel, with the premium widening by 6 USD.
- MGO LS segment: the underprice ratio increased in Rotterdam by 6 USD while it decreased in Singapore and Houston by 14 USD and 6 USD respectively. Fujairah remained the only overcharged port, although the premium decreased by 1 point.
We expect Global bunker indices to trend up on May 18: 380 HSFO –plus 4-9 USD/MT, VLSFO – plus 5-12 USD/MT, MGO LS – plus 5-12 USD/MT.
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