During Week 41, the MABUX global bunker indices showed a moderate downward trend.
HSFO index
The 380 HSFO index declined by 10.57 USD: from 581.69 USD/MT last week to 571.12 USD/MT.
VLSFO index
The VLSFO index also experienced a loss of 7.75 USD (671.67 USD/MT versus 679.42 USD/MT last week).
MGO index
The MGO index saw the most significant price decrease, plummeting by 34.89 USD, from 1016.51 USD/MT to 981.62 USD/MT, breaking the $1000 mark for the first time since September 5, 2023.
At the time of writing, a slight upward trend prevailed in the market amid the escalation of Arab-Israeli conflict.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: LinkedIn
