Bunker Global Open Directory News
2023-05-19MABUX: Bunker indices to edge downward on May 19.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) demonstrated uptrend on May 18 as expected:
380 HSFO - USD/MT - 484.18 (+7.12)
VLSFO - USD/MT – 603.98 (+6.60)
MGO - USD/MT – 799.52 (+8.67)
As of May 18, 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 sustainable trend in the undercharge premium: up in Rotterdam but down Fujairah and Houston. Singapore remained unchanged.
- VLSFO segment: Fujairah moved into the overprice zone with a premium of 2 USD, joining Singapore. The overprice premium widened overall. Rotterdam and Houston are still underpriced, with the undercharge ratio increasing by 6 USD and 14 USD respectively.
- MGO LS segment: the underprice ratio decreased in Rotterdam by 1 USD while it increased in Singapore and Houston by 2 USD and 13 USD respectively. Fujairah remained the only overcharged port, although the premium decreased further by 11 points.
We expect Global bunker market to turn into downward correction on May 19: 380 HSFO –minus 2-6 USD/MT, VLSFO –minus 3-6 USD/MT, MGO LS – minus 1-6 USD/MT.
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