On a Week 31, MABUX World Bunker Index did not show any significant changes. The 380 HSFO index rose by 2.75 USD: from 454.61 USD/MT to 457.36 USD/MT, the VLSFO index fell by 0.08 USD: from 558.89 US /MT to 558.81 USD/MT, while the MGO index added 1.30 USD (from 650.06 USD/MT to 651.36 USD/MT).
European gas markets continue being volatile with bullish sentiment prevailing. Natural gas supplies are still weaker due to summer maintenances. MABUX ARA LNG Bunker Index, calculated as the average price of LNG as a marine fuel in the ARA region, rose sharply from July 28 to August 04: an increase from 769.77 USD/MT to 919.66 USD/MT (+149.89 USD). At the same time, the average value of the LNG Bunker Index increased by 38.50 USD compared to the previous week. The average price for MGO LS in Rotterdam during the same period decreased by 12.00 USD/MT, and the average price difference between bunker LNG and MGO LS in Rotterdam increased by 28.50 USD and exceeded the 200 USD mark: 220.22 USD (versus 191.72 USD last week). The growth of the LNG ARA Index reflects the current situation in the global LNG market, where a firm upward trend continues. More information is available in the new LNG Bunkering section at www.mabux.com.