Our delivered bunker indexes are based on actual deals, bids and offers, making them the most appropriate reference prices for your bunker contracts. Pursuant to Clearing Rule 406 and Clearing Procedures 5, the Exchange and its Clearing House have set the following SPAN® Margin Parameters with effect from Trading Day 15 May 2020, Friday. SINGAPORE, Oct. 21, 2019 /PRNewswire/ -- The Asia Pacific Exchange launched the APEX Argus Bunker Index Singapore LSFO 0.5%S futures contract on Friday 18 October. A detailed explanation of Argus Bunker Indexes can be viewed here. “Argus’ delivered bunker price assessments for Singapore have gained the confidence of the marine fuel community as reliable, independent price assessments since being launched in June 2018. Source: ARGUS MEDIA. Argus’ assessments of Zhoushan-delivered marine fuels prices are based on trades, bids, offers and other market information. All rights reserved. A total of 120 lots traded on the opening day on the December, January and February contracts, with prices closing at $539.10/t, $543.50/t and $537.40/t, respectively. It will be published daily in $/t. Register below and we will customize a solution that meets your exact needs. You can unsubscribe from these updates at any time. In addition, the service provides the latest market-moving news, analysis and access to unique scrubber installation data. APEX Argus Bunker Index Singapore LSFO 0.5%S Futures Contract. Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher. The Asia Pacific Exchange (APEX) launched the APEX Argus Bunker Index Singapore LSFO 0.5%S futures contract on Friday 18 October. The Argus Marine Fuels service is the most comprehensive source of daily marine fuel prices and spot deals, covering the world’s most important bunker locations. Argus produces information and services for global markets, which requires Argus to share your personal information with Argus group companies and service providers that are based both within and outside of the European Economic Area (EEA). SINGAPORE, Oct. 21, 2019 /PRNewswire/ -- Trades seen on first day of APEX Argus Bunker Index Singapore LSFO futures market © 2020 Argus Media group. The delays do not appear to have affected spot trades for delivery in mid-August, with about 4,000t of combined spot traded volumes reported on 3 August in Zhoushan, including very-low sulphur fuel oil (VLSFO), marine gasoil and high-sulphur fuel oil. This contract provides a tool for market participants to hedge price risks associated with marine fuel. Register below and we will customize a solution that meets your exact needs. It is headquartered in London and has 23 offices in the world’s principal commodity trading and production centres. In addition, it may create opportunities for spread trading across crude and other refined oil product markets, as well as inter-month trading. We manage your personal data in accordance with our privacy policy. We manage your personal data in accordance with our privacy policy. If you are signing a 0.5% bunker contract, you should be using a 0.5% index to effectively manage your price risk exposure. We cover gasoline, diesel, jet fuels, marine fuels, base oils and more for markets worldwide. Argus will continue to provide reliable marine fuel assessments including low and high-sulphur fuel oil and low-sulphur marine gasoil in Singapore and elsewhere, including the Zhoushan Bunker Indexes (ZBIs) launched earlier this year.”. The delivery timing is four to 12 days ahead. All rights reserved. PA0027916 8 8 1 Asia Pacific Exchange (APEX) Argus Bunker Index (ABI) Singapore 0.5%S futures lots traded - 06-Nov-2019 lots/No Unit ->Products->Fuel oil->Asia-Pacific Daily PA0027916 8 8 2 Asia Pacific Exchange (APEX) Argus Bunker Index (ABI) Singapore 0.5%S futures lots traded - 06-Nov-2019 lots/No Unit ->Products->Fuel oil->Asia-Pacific Daily If you continue we'll assume that you are happy to receive all cookies on the Argus Media website. The LSFO 0.5%S index represents the price of bunker fuel delivered within 4-12 days from the trade date, for volumes between 500t and 3,000t, with viscosity of less than 380cst and sulphur below 0.5%. Additionally, the mass flow meter requirement introduced in 2017 by the Maritime & Port Authority of Singapore (MPA) is said to have provided a level playing field for all suppliers, resulting in ‘highly competitive pricing’. Traded volumes totalled 1,200t by 6pm today. In addition to posting high sulfur price assessments (in place since December), Argus said it will work on a bunker index for low sulfur fuel oil. In light of IMO MARPOL regulations to reduce the Sulphur limit of marine fuel from 3.5% to 0.5% from January 2020, APEX have launched the Argus Bunker Index (ABI) Singapore LSFO 0.5%S Futures Contract to provide market participants the necessary tool to hedge and … Argus removes price outliers using statistical analysis prior to calculating a volume-weighted average of the trades reported by 7pm to provide an average price traded for the fuel that day in Singapore. Thank you for your interest in sponsoring Argus Bunker Fuels 2019. The Asia Pacific Exchange (APEX) launched the APEX Argus Bunker Index Singapore LSFO 0.5%S futures contract on Friday 18 October. If more than two assessment- It is headquartered in London and has 25 offices in the world’s principal commodity trading and production centres. The contract complies with tighter sulphur specifications being introduced by the International Maritime Organisation in 2020. The Asia-Pacific Exchange (Apex) Argus Bunker Index (ABI) futures contract attracted 120 trades on its first day of activity in Singapore today. “The Argus Bunker Index for Singapore LSFO, which APEX intends to use to financially settle their new futures contract, is perfectly suited to the needs of the marine industry because it represents the most active and liquid part of market” Pierre Lever, Asia CEO at Argus, told Manifold Times. The contract is cash settled against the monthly average of Argus’ daily assessments of LSFO 0.5%S bunker fuel delivered between 4 and 12 days from the trade date, for volumes between 500t and 3,000t, with viscosity of less than 380cst and less than 0.5% sulphur. ZBI’s high-sulphur fuel oil (HSFO) assessment also rose to $302/t from $283.50/t over the same period, reacting to Asia and China’s overall tight supplies. Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher. Companies in 140 countries around the world use Argus data to index physical trade and as benchmarks in financial derivative markets as well as for analysis and planning purposes. Argus was founded in 1970 and is a privately held UK-registered company. Marine fuels industry and shipping companies face a huge challenge in managing risk associated with the price of this new fuel. Managing Price Risk Global commodity price reporting and news agency Argus and the Asia Pacific Exchange (APEX) signed an agreement today licensing the use of the Argus Bunker Index (ABI) Singapore LSFO 0.5%S as the settlement price for a proposed new derivatives contract. Price Scanning Ranges (Outright Margin Rates) Product Name We manage your personal data in accordance with our privacy policy. APEX Argus Bunker Index Singapore LSFO 0.5%S futures have been launched to coincide with new IMO rules taking effect in January 2020, where ships without exhaust scrubbers are required to use fuel with a sulphur content of a maximum of 0.5%, a reduction from the current 3.5%. Please fill in your details and we will be in touch with you. It is owned by employee shareholders and global growth equity firm General Atlantic. The ABI Singapore LSFO 0.5%S futures is a cash-settled derivatives contract for low-sulphur fuel oil (LSFO). You can unsubscribe from these updates at any time. This contract provides a tool for market participants to hedge price risks associated with marine fuel. Argus Media may use the details submitted to send you information about related Argus products and services which may be of interest to your business. We would be happy to offer you more information about our paid services. “Argus Bunker Index (ABI) Singapore LSFO 0.5%S is also the solution for physical bunker contracts, ensuring that buyers and sellers will pay the fair market price at the time of delivery and addressing the danger of gasoil or cargo linked contracts deviating from spot market prices. Request more information Spin Straw into Gold. The Zhoushan Bunker Index for MGO 0.1%S is for delivered-on-board cargoes ranging 50-500t. Our website uses cookies to ensure that we give you the best experience on our website. Our website uses cookies to ensure that we give you the best experience on our website. According to an article published in PR Newswire, the global commodity price reporting and news agency Argus and the Asia Pacific Exchange (APEX) has recently signed an agreement licensing the use of the Argus Bunker Index (ABI) Singapore LSFO 0.5% as the settlement price for a proposed new derivatives contract. The Asia Pacific Exchange (APEX) launched the APEX Argus Bunker Index Singapore LSFO 0.5%S futures contract on Friday 18 October. According to Argus, the initial focus on the Singapore market is partly due to its size — the port regularly records bunker sales in excess of 4 million mt per month. If you continue we'll assume that you are happy to receive all cookies on the Argus Media website. “Argus is pleased to see a successful first day of trading on the APEX contract and we hope it will prove to be a useful hedging instrument for market participants,” Argus Media chairman and chief executive Adrian Binks said. © 2020 Argus Media group. When you speak to one of our experts, you may be qualified to sample our industry-leading products on a no-cost basis. ) price argus bunker index US west coast markets for 0.5 % sulphur fuel and... Assessments of Zhoushan-delivered marine fuels prices are based on reported spot trades on a no-cost basis the service the. 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