The ABI Singapore LSFO 0.5%S futures is a cash-settled derivatives contract for low-sulphur fuel oil (LSFO). Register your interest in Argus Bunker Fuels Conference. The Asia Pacific Exchange (APEX) launched the APEX Argus Bunker Index Singapore LSFO 0.5%S futures contract on Friday 18 October. This contract provides a tool for market participants to hedge price risks associated with marine fuel. 26-28 March. Request more information Spin Straw into Gold. 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. Don’t waste time having to ask questions such as: What's the premium? 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’. 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. 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. 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%. Marine fuels industry and shipping companies face a huge challenge in managing risk associated with the price of this new fuel. We manage your personal data in accordance with our privacy policy. This new contract is the first derivative worldwide to provide a delivered bunker price hedging tool for 0.5% sulphur fuel. 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. Register below and we will customize a solution that meets your exact needs. If you continue we'll assume that you are happy to receive all cookies on the Argus Media website. Argus publishes more than 80 IMO-compliant price assessments – including fuel oil and marine gas oil – covering the world’s most important bunker hubs. You can unsubscribe from these updates at any time. 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. Argus delivered bunker price assessments are based upon the fundamentals driving the shipping industry and the way it trades. 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%. 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. 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. Register below and we will customize a solution that meets your exact needs. Managing Price Risk In addition, it may create opportunities for spread trading across crude and other refined oil product markets, as well as inter-month trading. Argus Media is an independent media organisation with more than 1,000 staff. The contract complies with tighter sulphur specifications being introduced by the International Maritime Organisation in 2020. The Asia Pacific Exchange (APEX) launched the APEX Argus Bunker Index Singapore LSFO 0.5%S futures contract on Friday 18 October. The October average of very-low sulphur fuel oil (VLSFO) in the Argus Zhoushan Bunker Index (ZBI), which is a delivered-to-ship bunker index, rose by $13/t from September to $333/t. The new contract provides market participants such as shipowners that have future requirements and suppliers holding fuel inventory with an instrument for hedging. “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. ARGUS, the ARGUS logo, ARGUS MEDIA, ARGUS DIRECT, ARGUS OPEN MARKETS, AOM, FMB, DEWITT, JIM JORDAN & ASSOCIATES, JJ&A, FUNDALYTICS, METAL-PAGES, METALPRICES.COM, Argus publication titles and Argus index names are trademarks of Argus Media Limited. When you speak to one of our experts, you may be qualified to sample our industry-leading products on a no-cost basis. 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%. 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. © 2020 Argus Media group. Price Scanning Ranges (Outright Margin Rates) Product Name Crude oil. A detailed explanation of Argus Bunker Indexes can be viewed here. Argus is an independent media organisation with 1,000 staff. Argus assesses the Zhoushan bunker index based on reported spot trades on a volume-weighted average basis, as well as at Shanghai port. When you speak to one of our experts, you may be qualified to sample our industry-leading products on a no-cost basis. Argus’ assessments of Zhoushan-delivered marine fuels prices are based on trades, bids, offers and other market information. This contract provides a tool The Asia-Pacific Exchange (Apex) Argus Bunker Index (ABI) futures contract attracted 120 trades on its first day of activity in Singapore today. 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%. The Asia-Pacific Exchange (Apex) Argus Bunker Index (ABI) futures contract attracted 120 trades on its first day of activity in Singapore today. It is headquartered in London and has 23 offices in the world’s principal commodity trading and production centres. 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. 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. 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. 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). 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). Argus produces price assessments and analysis of international energy and other commodity markets, and offers bespoke consulting services and industry-leading conferences. If you continue we'll assume that you are happy to receive all cookies on the Argus Media website. We cover gasoline, diesel, jet fuels, marine fuels, base oils and more for markets worldwide. “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. 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. The Asia Pacific Exchange (APEX) launched the APEX Argus Bunker Index Singapore LSFO 0.5%S futures contract on Friday 18 October. 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 … It is owned by employee shareholders and global growth equity firm General Atlantic. Argus Bunker Fuels 2019. We manage your personal data in accordance with our privacy policy. We manage your personal data in accordance with our privacy policy. Argus has worked with shipowners and the bunker industry to create a suite of price indexes for fuel oil and marine gasoil that reflect the physical spot market for delivered- to-ship bunker fuels in various ports. We would be happy to offer you more information about our paid services. Thank you for your interest in sponsoring Argus Bunker Fuels 2019. APEX Argus Bunker Index Marine fuels industry and shipping companies face a huge challenge in managing risk associated with the price of this new fuel. 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. Argus publishes reports that include key industry index and benchmark prices for refined oil products. If more than two assessment- 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. Our website uses cookies to ensure that we give you the best experience on our website. “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. 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. The Asia Pacific Exchange (APEX) launched the APEX Argus Bunker Index Singapore LSFO 0.5%S futures contract on Friday 18 October. This new contract is the first derivative worldwide to provide a delivered bunker price hedging tool for 0.5% sulphur fuel. It is headquartered in London and has 25 offices in the world’s principal commodity trading and production centres. All rights reserved. Traded volumes totalled 1,200t by 6pm today. APEX Argus Bunker Index Singapore LSFO 0.5%S Futures Contract. Please fill in your details and we will be in touch with you. 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. Algeciras, Spain. All rights reserved. Register Now. Global energy and commodity price reporting agency Argus today launches a sustainable aviation fuel (SAF) price for US west coast markets. Price reporting agency Argus Media and the city authorities in Zhoushan, China are to work together on developing pricing for the port's bunkering hub. © 2020 Argus Media group. The ABI Singapore LSFO 0.5%S futures is a cash-settled derivatives contract for low-sulphur fuel … In addition, the service provides the latest market-moving news, analysis and access to unique scrubber installation data. 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. SINGAPORE, Oct. 21, 2019 /PRNewswire/ -- Trades seen on first day of APEX Argus Bunker Index Singapore LSFO futures market Our website uses cookies to ensure that we give you the best experience on our website. It will be published daily in $/t. 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 Zhoushan Bunker Index for MGO 0.1%S is for delivered-on-board cargoes ranging 50-500t. 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. Global commodity price reporting and news agency Argus and the Asia Pacific Exchange (APEX) signed an agreement today (9 September) licensing the use of the Argus Bunker Index (ABI) Singapore LSFO 0.50%S as the settlement price for a proposed new derivatives contract. If you are signing a 0.5% bunker contract, you should be using a 0.5% index to effectively manage your price risk exposure. You can unsubscribe from these updates at any time. Our delivered bunker indexes are based on actual deals, bids and offers, making them the most appropriate reference prices for your bunker contracts. The delivery timing is four to 12 days ahead. You can unsubscribe from these updates at any time. Source: ARGUS MEDIA. Argus crude oil pricing has been entrenched in the world’s global markets since 1979. “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. If you're in a pinch and have a murderous king who is demanding that you spin straw into gold overnight or have your head cut off, don't worry, we're here to help and save your head. 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). 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