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MABUX: bunker prices may continue to rise on Apr.29.

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) demonstrated slight upward changes on Apr.28:

380 HSFO - USD/MT – 420.51 (+1.52)

VLSFO - USD/MT – 514.89 (+3.64)

MGO - USD/MT – 588.48 (+2.44)

As of April 28, 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 (Fujairah) to minus $39 (Singapore).

According to DBP Index, VLSFO was underestimated in Rotterdam (minus $16), Singapore (minus $32) and Fujairah (minus $25). In Houston this fuel grade is still overcharged by plus $2.

As per DBP Index, MGO LS remained undervalued in all selected ports in a range from minus $6 (Houston) to minus $47 (Singapore).

We expect bunker prices may demonstrate upward changes today. Price for 380 HSFO may rise by 3-5 USD, for VLSFO - by 4-6 USD. The price for MGO may add 7-10 USD.