Argus’ assessments of Zhoushan-delivered marine fuels prices are based on trades, bids, offers and other market information. 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. 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. 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%. It is owned by employee shareholders and global growth equity firm General Atlantic. 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 We manage your personal data in accordance with our privacy policy. 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. 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’. © 2020 Argus Media group. 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. All rights reserved. Our website uses cookies to ensure that we give you the best experience on our website. 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. When you speak to one of our experts, you may be qualified to sample our industry-leading products on a no-cost basis. Argus was founded in 1970 and is a privately held UK-registered company. In addition, it may create opportunities for spread trading across crude and other refined oil product markets, as well as inter-month trading. The contract complies with tighter sulphur specifications being introduced by the International Maritime Organisation in 2020. 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. Managing Price Risk Algeciras, Spain. If you continue we'll assume that you are happy to receive all cookies on the Argus Media website. This new contract is the first derivative worldwide to provide a delivered bunker price hedging tool for 0.5% sulphur fuel. Don’t waste time having to ask questions such as: What's the premium? 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). 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. If more than two assessment- You can unsubscribe from these updates at any time. 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%. Marine fuels industry and shipping companies face a huge challenge in managing risk associated with the price of this new fuel. Request more information Spin Straw into Gold. Please fill in your details and we will be in touch with you. Global energy and commodity price reporting agency Argus today launches a sustainable aviation fuel (SAF) price for US west coast markets. Argus Bunker Fuels 2019. Our methodologically appropriate and transparent prices have been adopted in a wide range of commercial contracts, official selling prices, internal transfer pricing, tax formulas and economic modelling used by governments and all aspects of upstream, midstream and downstream markets. This contract provides a tool for market participants to hedge price risks associated with marine fuel. 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 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. We cover gasoline, diesel, jet fuels, marine fuels, base oils and more for markets worldwide. A detailed explanation of Argus Bunker Indexes can be viewed here. We manage your personal data in accordance with our privacy policy. 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. This contract provides a tool for market participants to hedge price risks associated with marine fuel. It will be published daily in $/t. If you continue we'll assume that you are happy to receive all cookies on the Argus Media website. 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. It is headquartered in London and has 23 offices in the world’s principal commodity trading and production centres. Our delivered bunker indexes are based on actual deals, bids and offers, making them the most appropriate reference prices for your bunker contracts. The Asia Pacific Exchange (APEX) launched the APEX Argus Bunker Index Singapore LSFO 0.5%S futures contract on Friday 18 October. 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 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. 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. All rights reserved. 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