Bunker Global Open Directory News
2026-07-31MABUX: Global bunker market may enter a slight downward correction on Jul. 31.
The MABUX World Bunker Index — a composite benchmark reflecting daily prices for 380 HSFO, VLSFO, and MGO — recorded a moderate increase on Jul. 30:
380 HSFO: USD/MT: 631.11 (+1.33)
VLSFO: USD/MT: 787.45 (+0.74)
MGO: USD/MT: 1 347.43 (+11.02)
As of Jul. 30, the MABUX Market Differential Index (MDI), which monitors the spread between Market Bunker Prices (MBP) and the MABUX Digital Bunker Benchmark (DBP), recorded the following changes across the four major global bunkering hubs—Rotterdam, Singapore, Fujairah, and Houston:
• HSFO segment: Fujairah was the only overvalued port, with its premium narrowing by $28 and moving closer to the 100% correlation level between MBP and DBP. The other three hubs remained undervalued, with discount margins widening by $33 in Rotterdam, $31 in Singapore and $52 in Houston. Houston's MD stayed above the $100 threshol.
• VLSFO segment: Rotterdam and Houston returned to the undervalued zone, with discount margins widening by $52 and $39, respectively. Singapore and Fujairah remained overvalued, although premium levels declined by $60 in Singapore and $43 in Fujairah. Houston's MDI moved closer to the 100% correlation level.
• MGO LS segment: All four ports continued to be undervalued. Discount margins widened by $59 in Rotterdam, $54 in Singapore, $64 in Fujairah and $55 in Houston. MDI values in all four ports remained well above the $100 threshold, indicating persistent underpricing relative to the digital benchmark.
MABUX expects the Global bunker market may enter a slight downward correction on Jul. 31: 380 HSFO: minus 3-10 USD/MT, VLSFO: minus 5–12 USD/MT, MGO LS: minus 5–20 USD/MT.
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