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MABUX: Global bunker indices to rebound on Nov.23

MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued declining on Nov.22 - the fourth day in a row:

380 HSFO - USD/MT – 502.18 (-0.76)

VLSFO - USD/MT – 714.63 (-2.80)

MGO - USD/MT – 1 085.99 (-9.87)

As of November 22, the MABUX MBP/DBP Index (MDI) (comparison of market bunker prices vs. the MABUX digital bunker price benchmark) registered no sustainable trend in underprice dynamics in the HSFO segment, Fujarah’s move back into an underprice zone in the VLSFO segment, underprice premium down and overprice up in the MGO LS segment.

We expect global bunker indices to turn to the uptrend on Nov.23: 380 HSFO – plus 1-4 USD/MT, VLSFO –plus 2-6 USD/MT, MGO LS – plus 2-18 USD/MT.