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MABUX: bunker prices may slightly increase on Apr.23.

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) demonstrated downward changes on Apr.22:

380 HSFO - USD/MT – 417.92 (-4.83)

VLSFO - USD/MT – 505.80 (-6.43)

MGO - USD/MT – 580.90 (-2.34)

As of April 19, a correlation of MBP Index (Market Bunker Prices) vs DBP Index (Digital Bunker Prices = MABUX Digital Benchmark) in four largest global hubs showed that 380 HSFO fuel remained undercharged in all four selected ports in a range from minus $3 (Houston) to minus $29 (Singapore).

According to DBP Index, VLSFO was underestimated in Rotterdam (minus $16), Singapore (minus $22) and Fujairah (minus $22). In Houston this fuel grade is still overcharged by plus $15.

As per DBP Index, MGO LS remained undervalued in three selected ports in a range from minus $21 (Fujairah) to minus $44 (Rotterdam). At the port of Houston MBP Index for this kind of fuel 100% correlated to DBP Index.

We expect bunker prices may demonstrate slight upward changes today in a range of 1-3 USD.