Bunker Global Open Directory News

2023-05-29

MABUX: Global bunker indices to head upwards on May 29.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) turned into slight downtrend on May 26:

380 HSFO - USD/MT - 483.24 (-4.70)

VLSFO - USD/MT – 599.70 (-7.84)

MGO - USD/MT – 789.70 (-12.68)

As of May 26, MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price Benchmark) registered:

- HSFO segment: the underprice premium reversed back and narrowed in all selected ports in a range of 2-14 USD.

- VLSFO segment: the undercharge premium decreased in Rotterdam, Fujairah, and Houston, ranging between $6 and $16. Singapore remained the only overcharged port, while overcharge ratio trended up by 11 USD.

- MGO LS segment: the underprice premium narrowed in Rotterdam, Singapore and Houston. The most significant drop was registered in Houston – minus 21 points. Meantime, the overcharge ratio in Fujairah widened by 9 USD.

We expect Global bunker indices to drift higher on May 29: 380 HSFO – plus 2-4 USD/MT, VLSFO – plus 3-6 USD/MT, MGO LS – plus 5-11 USD/MT.

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