Bunker Global Open Directory News

2023-05-26

MABUX: Global bunker indices to decline significantly on May 26.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) trended up on May 25:

380 HSFO - USD/MT - 487.94 (+0.05)

VLSFO - USD/MT – 607.54 (+2.98)

MGO - USD/MT – 802.38 (+1.70)

As of May 25, MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price Benchmark) registered:

- HSFO segment: the underprice premium increased in all selected ports, with the most significant change observed in Fujairah (plus $21) and Houston (plus $10).

- VLSFO segment: the undercharge premium expanded in Rotterdam, Fujairah, and Houston, ranging between $10 and $11. Singapore remained the only overcharged port, although it moved closer to the 100 percent correlation mark.

- MGO LS segment: the underprice premium widened further in Rotterdam, Singapore and Houston, ranging from $7 to $13. However, the overcharge ratio in Fujairah dropped by 6 USD.

We expect Global bunker indices to plunge on May 26: 380 HSFO – minus 4-9 USD/MT, VLSFO –minus 5-12 USD/MT, MGO LS – minus 5-15 USD/MT.

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