Bunker Global Open Directory News
2023-06-01MABUX: Global bunker indices to continue drifting lower on June 01.
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) declined on May 31 as expected:
380 HSFO - USD/MT - 474.48 (-9.58)
VLSFO - USD/MT – 587.98 (-11.21)
MGO - USD/MT – 773.99 (-14.46)
As of May 31, the MABUX MBP/DBP Index (MDI), which compares market bunker prices (MBP) to the MABUX digital bunker price benchmark (DBP), recorded the following changes:
- HSFO segment: The underprice premium declined slightly in all four selected ports, ranging between $4 to $12 USD.
- VLSFO segment: the undercharge ratio continued trending down in three ports out of four selected: Rotterdam, Fujairah and Houston. The most significant decrease in undercharge margin was registered in Fujairah: minus $11. Singapore remained the only overpriced port: the overcharge premium rose again by $9.
- MGO LS segment: the undervalue margins widened in Singapore by $6 but narrowed in Rotterdam and Houston by $1 and $6 respectively. Overprice premium’s decline was registered in Fujairah: minus $18.
We expect Global bunker indices to continue slight downward trend on Jun. 01: 380 HSFO –minus 3-7 USD/MT, VLSFO – minus 4-9 USD/MT, MGO LS –minus 4-9 USD/MT.
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