During the sixth week, the Marine Bunker Exchange (MABUX) global bunker indices experienced a modest decline.
The 380 HSFO index dropped by US$8.74 to US$507.44/MT, edging closer to the US$500 threshold. Similarly, the VLSFO index decreased by US$10 with a value of US$664.71/MT compared to US$674.71/MT last week. The MGO index saw a decline of US$9.56, falling from US$916.29/MT to US$906.73/MT.
“Presently, the market is showing signs of a moderate upward correction,” stated a MABUX spokesperson.
