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MABUX: Downward trend to continue in Global bunker market on Nov.21

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued firm downward trend on Nov.18:

380 HSFO - USD/MT – 505.56 (-9.28)

VLSFO - USD/MT – 729.74 (-18.40)

MGO - USD/MT – 1 102.70 (-18.34)

As of November 18, the MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price benchmark) registered continued decreasing of underprice margins at all selected ports in the HSFO segment, Singapore’s return back into an overprice zone in the VLSFO segment, and still no sustainable trend in undercharge dynamics while overcharge premium continued growing in the MGO LS segment.

We expect downward trend to continue in Global bunker market on Nov.21: 380 HSFO – minus 3-7 USD/MT, VLSFO – minus 5-12 USD/MT, MGO LS – minus 2-10 USD/MT.