Bunker Global Open Directory News

2023-05-22

MABUX: Downtrend to continue in Global Bunker market on May 22.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) did not have a sustainable trend on May 19:

380 HSFO - USD/MT - 486.23 (+2.05)

VLSFO - USD/MT – 602.08 (-1.90)

MGO - USD/MT – 800.07 (+0.55)

As of May 19, 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, while the undercharge premium showed a slight reduction.

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- VLSFO segment: The undercharge premium decreased by 5 USD in Rotterdam and by 4 USD in Houston. Moreover, the overcharge ratio in Singapore and Fujairah also decreased by 4 USD and 1 USD respectively. Fujairah moved closer to the 100 percent correlation mark.

- MGO LS segment: the underprice ratio decreased in Rotterdam, Singapore and Houston. Fujairah remained the only overcharged port, although the premium rose by 3 points.

We expect Global bunker indices to continue downward trend on May 22: 380 HSFO –minus 1-3 USD/MT, VLSFO –minus 1-3 USD/MT, MGO LS – minus 3-9 USD/MT.

www.mabux.com