MABUX: Global bunker indices to continue trending lower on May 31.

MABUX World Bunker Index (as index calculated based on current prices for 380 HSFO, VLSFO and MGO), showed irregular changes with no firm trend on May 30:

380 HSFO - USD/MT - 552.99 (+0.30)

VLSFO - USD/MT – 648.46 (-2.14)

MGO - USD/MT – 834.43 (-5.27)

As of May 30, the MABUX MBP/DBP Index (MDI), which monitor the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP), revealed the following trends across major ports – Rotterdam, Singapore, Fujairah, and Houston :

- HSFO segment: All four selected ports remained in the undercharge zone, with underprice margins narrowing by $6 in Rotterdam and $2 in Houston, but widening by $1 in Singapore and $2 in Fujairah.

- VLSFO segment: All four ports continued to be underpriced. Undercharge premiums decreased by $2 in Rotterdam and $8 in Fujairah, but increased by $4 in Singapore. The MDI index in Houston remained unchanged.

- MGO LS segment: Houston was the only overvalued port, with the ratio decreasing further by $3, nearing the 100-percent correlation mark between the market price and the MABUX digital benchmark. The other three ports were underpriced, with premiums decreasing by $3 in Rotterdam and $1 in Fujairah, but increasing by $12 in Singapore, where the MDI index exceeded the $100 mark.

We expect Global bunker indices to continue downward trend on May 31: 380 HSFO – minus 3-6 USD/MT, VLSFO – minus 3-7 USD/MT, MGO LS – minus 5-10 USD/MT.

mabux.com