Home World Bunker prices may change irregularly on May 31

Bunker prices may change irregularly on May 31

The Bunker Review was contributed by Marine Bunker Exchange (MABUX)

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) demonstrated upward changes on May 28:

380 HSFO – USD/MT – 427.54 (+3.56)

VLSFO – USD/MT – 526.89 (+4.89)

MGO – USD/MT – 620.05 (+2.78)

MABUX ARA LNG Bunker Index, available from April 29, 2021 and calculated as the average price of LNG as a marine fuel in the ARA region, slightly decreased on May 28 down to 599.17 USD/MT (-1.52 USD). The LNG Bunker Index exceeds the price of MGO LS at the Port of Rotterdam by $ 51.17 (548 USD/MT as of May 28). More LNG Bunker Indexes on www.mabux.com.

As of May 28, a correlation of MBP Index (Market Bunker Prices) vs DBP Index (Digital Bunker Prices = MABUX Digital Benchmark) in four largest global hubs showed that 380 HSFO fuel remained undercharged in all four selected ports in a range from minus $16 (Houston) to minus $58 (Singapore).

According to DBP Index, VLSFO was underestimated in Rotterdam (minus $26), Singapore (minus $53) and Fujairah (minus $42). In Houston this fuel grade is still also undercharged this time – by minus $4.

As per DBP Index, MGO LS remained undervalued in all selected ports in a range from minus $27 (Houston) to minus $54 (Fujairah).

We expect bunker prices may demonstrate slight irregular changes today in a range of plus/minus 1-3 USD.

Source: Mabux