Bunker Global Open Directory News

2023-05-30

MABUX: No sustainable trend in Global bunker market on May 30.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) demonstrated slight upward correction on May 29:

380 HSFO - USD/MT - 485.99 (+2.75)

VLSFO - USD/MT – 602.79 (+3.09)

MGO - USD/MT – 794.63 (+4.93)

As of May 29, MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price Benchmark) registered:

- HSFO segment: the underprice premium widened slightly in Rotterdam, Singapore and Fujairah with a range of $2 - $3 USD. However, in Houston, the underprice premium narrowed by $5.

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- VLSFO segment: the undercharge ratio increased in Rotterdam, Fujairah, and Houston, ranging between $1 and $2. Singapore remained the only overcharged port, although the overcharge ratio decreased by $2.

- MGO LS segment: the undervalue margins rose in Rotterdam and Singapore but dropped in Houston. The most significant change was observed in Singapore with a rise of 11 points. Additionally, the overcharge ratio in Fujairah decreased by $13.

We expect Global bunker indices to change sideways on May 30: 380 HSFO – plus-minus 0-2 USD/MT, VLSFO – plus 1-3 USD/MT, MGO LS – plus-minus 2-4 USD/MT.

www.mabux.com