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MABUX: Global bunker indices to edge downwards on Nov.08.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued firm upward trend on Nov.07.:

380 HSFO - USD/MT – 516.96 (+9.19)

VLSFO - USD/MT – 792.82 (+7.03)

MGO - USD/MT – 1 181.71 (+6.76)

As of November 07, the MABUX MBP/DBP Index (MDI) (comparison of market bunker prices versus the MABUX digital bunker price benchmark) registered no firm trend in undervaluation premium in the HSFO segment, the transition of all four selected ports to the underprice area in the VLSFO segment, while underprice premium up and overprice one down in the MGO LS segment.

We expect global bunker indexes to turn into downward correction on Nov.08: 380 HSFO – minus 1-4 USD/MT, VLSFO – minus 2-6 USD/MT, MGO LS – minus 10-25 USD/MT.