MABUX: Irregular fluctuations without steady trend to prevail in Global bunker market on Aug.12.
The global bunker market is set to remain volatile on Aug. 12, with no steady trend expected across major fuel grades.
Price Overview (Aug. 11)
The MABUX World Bunker Index — a composite indicator tracking daily prices for 380 HSFO, VLSFO, and MGO — extended its slight downward movement for the fourth consecutive day:
380 HSFO: USD/MT – 462.74 (-3.29)
VLSFO: USD/MT – 547.44 (-1.96)
MGO: USD/MT – 759.64 (-2.34)
Market Differential Index (MDI) Insights
As of Aug. 11, the MABUX MDI — which monitors the correlation between Market Bunker Prices (MBP) and the MABUX Digital Bunker Price Benchmark (DBP) — showed underpricing across all major bunker fuel segments in the key ports of Rotterdam, Singapore, Fujairah, and Houston.
• HSFO segment: Underpricing widened by $5 in Rotterdam, remained unchanged in Singapore, rose by $16 in Fujairah, and by $4 in Houston.
• VLSFO segment: Discount narrowed by $1 in Rotterdam, increased by $7 in Singapore and by $6 in Fujairah, and stayed unchanged in Houston. Rotterdam’s MDI approached full (100%) MBP/DBP correlation.
• MGO LS segment: Underpricing rose by $6 in Rotterdam, $10 in Singapore, $4 in Fujairah, and $2 in Houston. Rotterdam’s MDI stayed near full correlation, while Fujairah’s index remained well above the $100 mark.
Outlook for Aug. 12
No steady trend is expected in the Global bunker market on Aug.12, with indices likely to move sideways: 380 HSFO – plus-minus 1-3 USD/MT, VLSFO – plus-minus 1-3 USD/MT, MGO LS – plus-minus 1-5 USD/MT.