Bunker Global Open Directory News

2023-05-25

MABUX: Uptrend to continue in Global bunker market on May 25.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued rising on May 24:

380 HSFO - USD/MT - 487.89 (+2.82)

VLSFO - USD/MT – 604.56 (+3.23)

MGO - USD/MT – 800.68 (+2.48)

As of May 24, MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price Benchmark) registered:

- HSFO segment: the underprice premium did not have any sustainable trend: unchanged in Rotterdam, up by 5 USD and 3 USD in Singapore and Houston respectively, down by 13 USD in Fujairah.

- VLSFO segment: the undercharge premium increased in Rotterdam, Fujairah and Houston with a range of 1-6 USD and 4 USD. Singapore remained the only overcharged port while ratio widened by 4 USD.

- MGO LS segment: the underprice premium widened by 3 USD in Rotterdam, but narrowed by 2 USD and 1 USD in Singapore and Houston respectively. Overcharge ratio in Fujairah dropped by 4 USD.

We expect Global bunker indices to continue a sustainable uptrend on May 25: 380 HSFO – plus 3-7 USD/MT, VLSFO –plus 4-9 USD/MT, MGO LS – plus 5-14 USD/MT.

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