Bunker Global Open Directory News
2025-07-31MABUX: Global Bunker Market to continue upward movement on Jul.31.
The MABUX World Bunker Index—a composite indicator tracking daily prices for 380 HSFO, VLSFO, and MGO – continued to trend higher on Jul.30:
380 HSFO - USD/MT - 476.38 (+6.27)
VLSFO - USD/MT – 564.14 (+5.09)
MGO - USD/MT – 792.34 (+2.92)
As of Jul.30, the MABUX Market Differential Index (MDI), tracking the correlation between market bunker prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP)— showed consistent underpricing trends across major ports including Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: All four ports remained in the undercharge zone. The discount widened by 13 USD in Rotterdam, 4 USD in Singapore, 7 USD in Fujairah, and 8 USD in Houston. Notably, the MDI in Fujairah exceeded the 100 USD mark, highlighting a strong underpricing pattern.
• VLSFO segment: Rotterdam moved back into the undercharge zone, joining Singapore, Fujairah, and Houston, making all four ports underpriced. The undercharge margin increased by 13 USD in Rotterdam, 10 USD in Singapore, 9 USD in Fujairah, and 13 USD in Houston. Fujairah’s MDI came close to reaching the 100 USD level, suggesting continued downward pressure on prices.
• MGO LS segment: Rotterdam stood out as the only overpriced port, with its premium growing by 4 USD. The remaining three ports remained underpriced: the discount narrowed by 10 USD in Singapore and 6 USD in Fujairah, while it widened by 14 USD in Houston. Fujairah’s MDI remained stable above the 100 USD threshold, confirming ongoing strong underpricing.
We expect Global bunker indexed to maintain its upward trend on Jul.31: 380 HSFO – plus 2-4 USD/MT, VLSFO – plus 3-5 USD/MT, MGO LS – plus-minus 1-6 USD/MT.
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