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MABUX: Bunker prices for all types of fuel may add today 2-5 USD.

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) demonstrated slight upward evolution on Apr.23:

380 HSFO - USD/MT – 418.98 (+1.06)

VLSFO - USD/MT – 508.42 (+2.62)

MGO - USD/MT – 584.27 (+3.37)

As of April 23, 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 undervalued in all selected ports in the range from minus $ 1 in Houston to minus $ 27 in Singapore and Rotterdam. The range of underestimation of this fuel has changed insignificantly.

VLSFO, according to DBP Index, was undercharged at three selected ports, ranging from minus $ 14 in Rotterdam to minus $ 17 in Fujairah and minus $ 23 in Singapore. The overpricing of this type of fuel at Houston dropped to plus $ 15.

DBP Index also registered the undercharge of MGO LS at three selected ports while the value of underestimation increased slightly: minus $ 17 in Fujairah, minus $ 38 in Rotterdam and minus $ 42 in Singapore. In Houston, MBP Index and DBP Index for MGO LS were in 100-percent correlation.

We expect bunker prices for all types of fuel may add today 2-5 USD.