Bunker Global Open Directory News
2023-05-31MABUX: Sustainable downtrend to prevail in Global bunker market on May 31.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) trended downwards on May 30:
380 HSFO - USD/MT - 484.06 (-1.93)
VLSFO - USD/MT – 599.19 (-3.60)
MGO - USD/MT – 788.45 (-6.18)
As of May 30, the MABUX MBP/DBP Index (MDI), which compares market bunker prices to the MABUX digital bunker price benchmark, recorded the following changes:
- HSFO segment: The underprice premium continued to increase in all four selected ports, with a range of $3 to $9 USD.
- VLSFO segment: the undercharge ratio dropped in Rotterdam by $2 but increased in Fujairah and Houston by $4 each. The overcharge premium in Singapore decreased by $8 and approached the 100 percent MBP/DBP correlation mark.
- MGO LS segment: the undervalue margins rose in Rotterdam, Singapore and Houston by $2 to $5. Fujairah remained the only overpriced port, with the premium widening by $3.
We expect Global bunker indices will experience a significant decline on May 31: 380 HSFO –minus 5-15 USD/MT, VLSFO – minus 7-20 USD/MT, MGO LS –minus 10-25 USD/MT.
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