The USGC HSFO (Platts) Average Price Option is a premium-paid-upfront option. Electricity futures provide market participants in the National Electricity Market of Singapore (NEMS) with a risk management tool to manage price volatility in the electricity spot market. Port HSFO-380 VLSFO 0.5% ULSFO 0.1% MGO Deliv. HSFO sales were 24% of the total for Singapore in July, according to preliminary data from the country's Maritime and Port Authority (MPA). The FOB Singapore 180 CST HSFO assessment jumped $6.18/mt day on day to $245.75/mt at the Asian close on June 10, while that of FOB Singapore 380 CST HSFO rose $3.53/mt day on day to $230.35/mt, Platts data showed. Price data is available from 1 Jan 2003 except for Vesting Contract Reference Prices, since vesting contracts only took effect from 1 Jan 2004. Now consider the supply chain for Singapore of 3.5% HSFO: 3.5% HSFO is typically sourced from the Baltics or Caribbean and then transported to Singapore via VLCC. "But some of those retrofits have been completed now.". No sunset on HSFO in Singapore. © 2020 CME Group Inc. All rights reserved. Scrubber Installs Plummet as Low Fuel Prices Negate Cost Advantages ... Of the key marine fuel products sold in Singapore, HSFO was the only fuel to post a … Understand how CME Group can help you navigate new initial margin regulatory and reporting requirements. Facilitating crew change may also explain the shape of the market. Gasoline Prices in Singapore increased to 1.46 USD/Liter in November from 1.43 USD/Liter in October of 2020. Click here. Oil price information Last update: 2020-12-21 Nr. Singapore's 'safe corridor' system for crew change under Covid-19 conditions has proved attractive to ship operators. Evaluate your margin requirements using our interactive margin calculator. Date Price $/mt Change High Low Spread; T Dec 22: 395.00: 0.00: 400.00: 390.00: 10.00: M Dec 21: 395.00-8.50 Stream live futures and options market data directly from CME Group. The traded premium will therefore be debited by the Clearing House from the Buyer and credited to the Seller on the morning of the Business Day following the day of trade. HSFO sales in Singapore topped 1mn t in October and is an increase of 130,000t from September. In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the mean of the high and low quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore" for "HSFO 180 CST ($/mt)" for each business day (as specified below) in the determination period. HSFO bunker prices in few other ports were at an average of $7/t more than in Singapore in October. HSFO is also more competitively priced in Singapore compared to some other ports in Asia, making it more attractive for ships using HSFO to bunker in the city-port, industry sources said. The price of spot Singapore 380 cst HSFO, however, was indicated higher at $399.50 pmt on 6 January, and prices had been firmly below $400 over … Search our directory for a broker that fits your needs. Discover how you can access our oil prices, news & analysis ]: Subscribe for a year or order a 1-month trial. Singapore: HSFO Sales Rally on Scrubber-related Demand. Singapore Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts Explore historical market data straight from the source to help refine your trading strategies. While HSFO is not as profitable as crude, complex refineries in the USGC shift away from sour crude to HSFO if the discounts become wide enough to offset the decreased efficiency and output. Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX. Globex Futures; ... real-time market data feeds. Please choose another time period or contract. U-Ming will supply four dual-fuel 190,000 DWT bulk carriers over a ten-year contract. CME Group is the world's leading and most diverse derivatives marketplace. The premium of gasoil bunkers over HSFO bunkers declined significantly, to an average of $65/t so far this month. There were no trades for this contract during the time period chosen. The USGC HSFO (Platts) Average Price Option is a premium-paid-upfront option. The data availability is denoted in the bracket, where D is the trading day followed by the number of business days. The discount of high-sulphur fuel oil (HSFO) to very low-sulphur fuel oil (VLSFO) bunkers in Singapore has moved to the narrowest level on record over the past week because of tight HSFO cargo supplies and weak demand for VLSFO. Manage the risk associated with renewable energies, environmental change and sustainable investments. The price of spot Singapore 380 cst HSFO, however, was indicated higher at $399.50 pmt on 6 January, and prices had been firmly below $400 over the last quarter of 2019, Ship & Bunker data showed. HSFO is also more competitively priced in Singapore compared to some other ports in Asia, making it more attractive for ships using HSFO to bunker in the city-port, industry sources said. This contract has not yet traded and there is no quotes information available at this time. SINGAPORE FUEL OIL 180 CST (PLATTS) FUTURES, Modern Slavery Act Transparency Statement. In order to compete, 3.5% HSFO will need to be priced at parity with LNG and coal which results in a price of approximately $220/mt. The only markets left for 3.5% HSFO are power generation, which currently uses LNG and coal (approx. Disclaimer  |  Privacy Policy  |  Cookie Policy  |  Terms of Use  |  Data Terms of Use  |  Modern Slavery Act Transparency Statement  |  Report a Security Concern. The January-February 180 CST HSFO spread flipped into a contango of minus 50 cents/mt at the 0830 GMT Singapore close on Dec. 8 from flat on Dec. 7, Platts data showed. Average crew sign ons and sign offs are running at between 500 to 600 a day, according to the port authority. In total, 8.8 million tonnes of VLSFO were sold, a jump of 83% from the fourth quarter of 2019. Citing market sources in the Southeast Asian bunkering hub, Platts said the buoyant demand for the high-sulfur material is … Hear from active traders about their experience adding CME Group futures and options on futures to their portfolio. Commodity player denies involvement following civil lawsuit lodged in Brazil. High sulfur fuel oil (HSFO) is now taking up almost a quarter of bunker demand at the world's largest bunkering hub. File Image / Pixabay. The US imported 53.98 million barrels of HSFO from November 2019 through June 2020, Kpler data showed. The future cost of 3.5% HSFO could go as low as $220/mt. Data can be downloaded in CSV format for periods covering up to 31 days per file. While the flat price would have come under pressure anyway, given the weakness we have seen in oil prices, the fuel has been relatively weaker compared to other marine fuels, and in particular HSFO. "A lot of ships that were installing scrubbers were stuck at yards because of delays caused by Covid-19," a source was quoted as saying. Currently, the VLSFO – HSFO spread in Singapore is at USD 340 per metric tonne, the third highest level since low-sulphur fuel became widely available. The award leaves the lubricant certified as compatible with LSFO, ULSFO, VLSFO and LNG in the engines. Singapore’s Electricity Futures Market was launched in 2015 by the Energy Market Authority, in partnership with Singapore Exchange (SGX). The HSFO price in Singapore spiked to a whopping USD 590 per metric tonne on 17 September 2019. The January-February 180 CST HSFO spread flipped into a contango of minus 50 cents/mt at the 0830 GMT Singapore close on Dec. 8 from flat on Dec. 7, Platts data showed. SKS Dokka has replaced sister vessel, SKS Darent. World 3 [? Gasoline Prices in Singapore averaged 1.49 USD/Liter from 1990 until 2020, reaching an all time high of 1.80 USD/Liter in June of 2015 and a record low of 0.61 USD/Liter in December of 1990. Access real-time data, charts, analytics and news from anywhere at anytime. This leads to the forecast of price differences between LSFO and HSFO. However, through December low-sulphur fuels started to increase significantly in price. Platts Oil helps to develop, connect & explain the market price of crude oil and oil products. European HSFO values near 2019 prices, bucking expectations Sep 8 The spread between physical prices for 3.5%S FOB Rotterdam barges in 2019 and 2020 reached as close as $4/mt year on year on Sept. 1, assessed at $257/mt, before the spread widened again. Singapore Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts Latest Prices, VLSFO Fuel Oil, IMO2020 Grade, 0.5%S. These prices are not based on … 1: Rotterdam/Antwerp: $ 300: $ 375 Bunker sales in Singapore illustrate how HSFO is still in demand, constituted by scrubber-fitted ships. This was the first contango market since Oct. 12, when the front-month time spread was assessed at … Index: IFO 380: VLSFO 0.5: MGO 0.1: World [? Demand for heavy sulfur fuel oil (HSFO) in Singapore in November has rallied on strong demand, according to price reporting agency S&P Global Platts.. HSFO sales in Singapore topped 1mn t in October and is an increase of 130,000t from September. Data can be downloaded in CSV format for periods covering up to 31 days per file. Ship & Bunker News Team 1: Rotterdam/Antwerp: $ 300: $ 375 Singapore high sulfur and Marine 0.5% sulfur fuel oil price spread widened to fresh highs ahead of IMO 2020. Singapore 440.00 10.50 Rotterdam 432.50 12.00 Houston 460.00 0.50 Fujairah 483.00 6.00 … The VLSFO-HSFO spread, also known as the “scrubber spread”, fell to a record low of $44.21/t on 29 October. With HFSO sales notching up 1 million metric tonnes in October, the same or better, could be seen this month, sources believe. This was the first contango market since Oct. 12, when the front-month time spread was assessed at … Singapore's 'safe corridor' system for crew change under Covid-19 conditions has proved attractive to ship operators. In favour of a move into renewables market. SINGAPORE FUEL OIL 180 CST (PLATTS) FUTURES - QUOTES Globex. Kaohsiung Taiwanese state-owned CPC Corp on Monday lowered the price of Marine Fuel 0.5%, IFO380 and MGO by $5. Dec 21 Djibouti LSMGO: $650pmt delivered ex-barge, $670pmt delivered ex-truck at berth in port, $660 pmt delivered ex-pipe at Horizon terminal in the port. Singapore’s Electricity Futures Market was launched in 2015 by the Energy Market Authority, in partnership with Singapore Exchange (SGX). The company is comprised of four Designated Contract Markets (DCMs). CEO Timothy Cosulich says move was "in response to the growth of our activities in the bunker trading sector. Gasoline Prices in Singapore increased to 1.46 USD/Liter in November from 1.43 USD/Liter in October of 2020. The East-West (Rotterdam vs Singapore 380cst price) typically trades at $20-30/mt to cover this freight cost. In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the mean of the high and low quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore" for "HSFO 380 CST ($/mt)" for each business day (as specified below) in the determination period. Oil price information Last update: 2020-12-21 Nr. ]: Subscribe for a year or order a 1-month trial. Bunker suppliers in the Fujairah market are considering returning to HSFO sales, according to price reporting agency Argus Media.. Two large suppliers at the port may resume HSFO sales next year, Argus reported Thursday, citing a senior bunker manager in the region.. Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Data Platform (MDP). Get quick access to tools and premium content, or customize a portfolio and set alerts to follow the market. Get quick access to premium educational content, including expert-led webinars, a real-time trading simulator, and more. Price has also played a role with Singapore remaining competitive among regional ports. In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the “Mid” quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore ($/barrel)" for "HSFO 180 CST ($/mt)" for each business day (as specified below) in the determination period. Similarly, the MGO LS – HSFO spread is at USD 346 per metric tonne, the highest level since 2014. HSFO bunker prices in few other ports were at an average of $7/t more than in Singapore in October. Citing market sources in the Southeast Asian bunkering hub, Platts said the buoyant demand for the high-sulfur material is in part driven by ships with scrubbers. Gasoline Prices in Singapore averaged 1.49 USD/Liter from 1990 until 2020, reaching an all time high of 1.80 USD/Liter in June of 2015 and a record low of 0.61 USD/Liter in December of 1990. $114/mt). The international vessel fleet burns mainly VLSFO rather than HSFO or marine gasoil (MGO), as evidenced by statistics from Singapore, the biggest bunkering port in the world. Singapore VLSFO 0.5% Price Today USD/MT, Live & Historical Price Charts The international vessel fleet burns mainly VLSFO rather than HSFO or marine gasoil (MGO), as evidenced by statistics from Singapore, the biggest bunkering port in the world. And have released the latest version of their Top 10 Bunker Companies report updated for 2021. Singapore — Singapore's marine gasoil demand is unlikely to receive a significant boost going into 2020 despite its rapidly narrowing price gap to low sulfur fuel oil in the lead-up to the International Maritime Organization's 0.5% sulfur cap on marine fuels from January … Port HSFO-380 VLSFO 0.5% ULSFO 0.1% MGO Deliv. Demand for heavy sulfur fuel oil (HSFO) in Singapore in November has rallied on strong demand, according to price reporting agency S&P Global Platts. The premium of gasoil bunkers over HSFO bunkers declined significantly, to an average of $65/t so far this month. Electricity futures provide market participants in the National Electricity Market of Singapore (NEMS) with a risk management tool to manage price volatility in the electricity spot market. Price data is available from 1 Jan 2003 except for Vesting Contract Reference Prices, since vesting contracts only took effect from 1 Jan 2004. The October, November and December 2019 spreads for Marine 0.5% FOB Singapore/380 CST HSFO Singapore swap reached $167/mt, $187/mt and $201/mt. The traded premium will therefore be debited by the Clearing House from the Buyer and credited to the Seller on the morning of the Business Day following the day of trade. Ship & Bunker, SeaCred Pick Top 10 Bunker Companies for 2021, Trafigura Execs Cited in Petrobras Graft Allegations, Scorpio Exits Dry Bulk, Puts Remaining Bulker Fleet Up For Sale, Fratelli Drops Chemoil Name from its Monaco Bunker Trading Unit, Monjasa Swaps Floating Storage, Gives Details of IMO 2020 Impact on WAF Bunker Demand. The data availability is denoted in the bracket, where D is the trading day followed by the number of business days. To contact the editor responsible for this story email us at editor@shipandbunker.com. Another order, and another step forward for rotor sails' acceptance as a serious option for shipowners. Create a CMEGroup.com Account: More features, more insights. Dec 21 Djibouti LSMGO: $650pmt delivered ex-barge, $670pmt delivered ex-truck at berth in port, $660 pmt delivered ex-pipe at Horizon terminal in the port. HSFO is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms. Singapore VLSFO 0.5% Price Today USD/MT, Live & Historical Price Charts Singapore — The spread between delivered marine fuel 0.5% and delivered 380 CST high sulfur bunker fuel in Singapore has widened to a new record high of $420/mt, with less than one week to go before IMO 2020 begins, S&P Global Platts data showed. Sales for Q1 came in at 12,716 tonnes, 83% of which were low-sulphur fuels, while 17% was HSFO. In October, the delivered IFO 380 CST price in Singapore averaged $270.91/mt, S&P Global Platts data showed. Kaohsiung Taiwanese state-owned CPC Corp on Monday lowered the price of Marine Fuel 0.5%, IFO380 and MGO by $5. 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