Bunker Global Open Directory News

2026-07-20

MABUX: Global bunker market to resume a sustained upward trend on Jul. 20.

The MABUX World Bunker Index — a composite benchmark reflecting daily prices for 380 HSFO, VLSFO, and MGO — remained broadly stable on Jul. 17, with no clear directional trend:

380 HSFO: USD/MT: 622.90 (-1.60)

VLSFO: USD/MT: 769.05 (-1.15)

MGO: USD/MT: 1 239.80 (+2.61)

As of Jul. 17, the MABUX Market Differential Index (MDI), which monitors the spread between Market Bunker Prices (MBP) and the MABUX Digital Bunker Benchmark (DBP), showed the following developments across the four major global bunkering hubs—Rotterdam, Singapore, Fujairah, and Houston:

• HSFO segment: Fujairah moved into the overcharge zone, becoming the only overvalued port in this fuel segment, with its premium widening by $9. Rotterdam, Singapore and Houston remained undervalued, although discounts narrowed by $5, $3 and $5, respectively. Fujairah's MDI remained close to the 100% correlation level between MBP and DBP.

• VLSFO segment: Rotterdam returned to the overcharge zone, joining Singapore and Fujairah. Premiums widened by $9 in Rotterdam, narrowed by $3 in Singapore, and increased by $1 in Fujairah. Houston remained the only undervalued port, with its discount widening by $3. Fujairah's MDI continued to remain well above the $100 threshold, while Rotterdam's MDI hovered near the 100% correlation line between MBP and DBP.

• MGO LS segment: Fujairah shifted back into the undercharge zone, leaving all four benchmark ports undervalued. Discounts widened by $20 in Rotterdam, $65 in Singapore, $40 in Fujairah and $35 in Houston. MDI values in Rotterdam, Singapore and Houston remained well above the $100 threshold.

MABUX expects the Global bunker market to resume a sustained upward trend on Jul. 20: 380 HSFO: plus 5-10 USD/MT, VLSFO: plus 5–10 USD/MT, MGO LS: plus 5–10 USD/MT.

www.mabux.com