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MABUX: Downtrend to prevail in Global bunker market on Nov.10.

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) extended losses on Nov.09:

380 HSFO - USD/MT – 507.77 (-5.98)

VLSFO - USD/MT – 778.29 (-10.75)

MGO - USD/MT – 1 160.55 (-10.44)

As of November 09, the MABUX MBP/DBP Index (MDI) (comparison of market bunker prices and the MABUX digital bunker price benchmark) registered minor changes in underestimation dynamics in the HSFO segment, Singapore and Houston return to overcharge zone in VLSFO fuel grade segment, as well as undercharge and overcharge premiums up in the MGO LS segment.

We expect Global bunker indices to continue downward trend on Nov.10: 380 HSFO – minus 5-12 USD/MT, VLSFO – minus 10-20 USD/MT, MGO LS – minus 10-25 USD/MT.