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MABUX: Global bunker indices to extend declines on Nov.09.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) turned into downward correction on Nov.08.:

380 HSFO - USD/MT – 513.75 (-3.21)

VLSFO - USD/MT – 789.04 (-3.78)

MGO - USD/MT – 1 170.99 (-10.72)

As of November 08, the MABUX MBP/DBP Index (MDI) (comparison of market bunker prices and the MABUX digital bunker price benchmark) registered irregular trend in underestimation dynamics in the HSFO segment, underestimation of VLSFO fuel grade in all four selected ports, as well as a decrease of underestimation vs. increase in overestimation premium in the MGO LS segment.

We expect Global bunker indices to extend declines on Nov.09: 380 HSFO – minus 5-12 USD/MT, VLSFO – minus 8-20 USD/MT, MGO LS – minus 3-25 USD/MT.