The VLSFO-HSFO spread, also known as the “scrubber spread”, fell to a record low of $44.21/t on 29 October. 1: Rotterdam/Antwerp: $ 300: $ 375 Sales for Q1 came in at 12,716 tonnes, 83% of which were low-sulphur fuels, while 17% was HSFO. Singapore's 'safe corridor' system for crew change under Covid-19 conditions has proved attractive to ship operators. 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. HSFO sales in Singapore topped 1mn t in October and is an increase of 130,000t from September. The data availability is denoted in the bracket, where D is the trading day followed by the number of business days. Singapore's 'safe corridor' system for crew change under Covid-19 conditions has proved attractive to ship operators. "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. Latest Prices, VLSFO Fuel Oil, IMO2020 Grade, 0.5%S. The USGC HSFO (Platts) Average Price Option is a premium-paid-upfront option. 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. This contract has not yet traded and there is no quotes information available at this time. Bunker sales in Singapore illustrate how HSFO is still in demand, constituted by scrubber-fitted ships. Search our directory for a broker that fits your needs. Discover how you can access our oil prices, news & analysis File Image / Pixabay. The data availability is denoted in the bracket, where D is the trading day followed by the number of business days. Gasoline Prices in Singapore increased to 1.46 USD/Liter in November from 1.43 USD/Liter in October of 2020. Port HSFO-380 VLSFO 0.5% ULSFO 0.1% MGO Deliv. 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 ]: Subscribe for a year or order a 1-month trial. Singapore Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts 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. 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 future cost of 3.5% HSFO could go as low as $220/mt. 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. In October, the delivered IFO 380 CST price in Singapore averaged $270.91/mt, S&P Global Platts data showed. Singapore VLSFO 0.5% Price Today USD/MT, Live & Historical Price Charts The international vessel fleet burns mainly VLSFO rather than HSFO or marine gasoil (MGO), as evidenced by statistics from Singapore, the biggest bunkering port in the world. The award leaves the lubricant certified as compatible with LSFO, ULSFO, VLSFO and LNG in the engines. Bunker suppliers in the Fujairah market are considering returning to HSFO sales, according to price reporting agency Argus Media.. Two large suppliers at the port may resume HSFO sales next year, Argus reported Thursday, citing a senior bunker manager in the region.. Electricity futures provide market participants in the National Electricity Market of Singapore (NEMS) with a risk management tool to manage price volatility in the electricity spot market. In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the mean of the high and low quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore" for "HSFO 180 CST ($/mt)" for each business day (as specified below) in the determination period. 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. © 2020 CME Group Inc. All rights reserved. Stream live futures and options market data directly from CME Group. Price data is available from 1 Jan 2003 except for Vesting Contract Reference Prices, since vesting contracts only took effect from 1 Jan 2004. Singapore Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts Evaluate your margin requirements using our interactive margin calculator. Gasoline Prices in Singapore increased to 1.46 USD/Liter in November from 1.43 USD/Liter in October of 2020. 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 … 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. The October, November and December 2019 spreads for Marine 0.5% FOB Singapore/380 CST HSFO Singapore swap reached $167/mt, $187/mt and $201/mt. Citing market sources in the Southeast Asian bunkering hub, Platts said the buoyant demand for the high-sulfur material is … And have released the latest version of their Top 10 Bunker Companies report updated for 2021. In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the mean of the high and low quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore" for "HSFO 380 CST ($/mt)" for each business day (as specified below) in the determination period. HSFO sales in Singapore topped 1mn t in October and is an increase of 130,000t from September. 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. 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. 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. Hear from active traders about their experience adding CME Group futures and options on futures to their portfolio. Average crew sign ons and sign offs are running at between 500 to 600 a day, according to the port authority. Get quick access to premium educational content, including expert-led webinars, a real-time trading simulator, and more. 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. HSFO bunker prices in few other ports were at an average of $7/t more than in Singapore in October. Create a CMEGroup.com Account: More features, more insights. There were no trades for this contract during the time period chosen. Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Data Platform (MDP). 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. 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. 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. Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX. HSFO bunker prices in few other ports were at an average of $7/t more than in Singapore in October. The international vessel fleet burns mainly VLSFO rather than HSFO or marine gasoil (MGO), as evidenced by statistics from Singapore, the biggest bunkering port in the world. Disclaimer | Privacy Policy | Cookie Policy | Terms of Use | Data Terms of Use | Modern Slavery Act Transparency Statement | Report a Security Concern. Price has also played a role with Singapore remaining competitive among regional ports. U-Ming will supply four dual-fuel 190,000 DWT bulk carriers over a ten-year contract. Explore historical market data straight from the source to help refine your trading strategies. In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the “Mid” quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore ($/barrel)" for "HSFO 180 CST ($/mt)" for each business day (as specified below) in the determination period. Get quick access to tools and premium content, or customize a portfolio and set alerts to follow the market. 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. Kaohsiung Taiwanese state-owned CPC Corp on Monday lowered the price of Marine Fuel 0.5%, IFO380 and MGO by $5. Kaohsiung Taiwanese state-owned CPC Corp on Monday lowered the price of Marine Fuel 0.5%, IFO380 and MGO by $5. Singapore 440.00 10.50 Rotterdam 432.50 12.00 Houston 460.00 0.50 Fujairah 483.00 6.00 … CME Group is the world's leading and most diverse derivatives marketplace. The US imported 53.98 million barrels of HSFO from November 2019 through June 2020, Kpler data showed. Data can be downloaded in CSV format for periods covering up to 31 days per file. World 3 [? Manage the risk associated with renewable energies, environmental change and sustainable investments. "But some of those retrofits have been completed now.". This leads to the forecast of price differences between LSFO and HSFO. In favour of a move into renewables market. To contact the editor responsible for this story email us at editor@shipandbunker.com. $114/mt). No sunset on HSFO in Singapore. Index: IFO 380: VLSFO 0.5: MGO 0.1: World [? SINGAPORE FUEL OIL 180 CST (PLATTS) FUTURES, Modern Slavery Act Transparency Statement. 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 … 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. Increase of 130,000t from September quick access to premium educational content, including expert-led,! From active traders about their experience adding CME Group futures and options on futures to their.. 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