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. This was the first contango market since Oct. 12, when the front-month time spread was assessed at … HSFO sales in Singapore topped 1mn t in October and is an increase of 130,000t from September. Evaluate your margin requirements using our interactive margin calculator. 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. Manage the risk associated with renewable energies, environmental change and sustainable investments. 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. Gasoline Prices in Singapore increased to 1.46 USD/Liter in November from 1.43 USD/Liter in October of 2020. Sales for Q1 came in at 12,716 tonnes, 83% of which were low-sulphur fuels, while 17% was HSFO. Search our directory for a broker that fits your needs. Similarly, the MGO LS – HSFO spread is at USD 346 per metric tonne, the highest level since 2014. 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. Latest Prices, VLSFO Fuel Oil, IMO2020 Grade, 0.5%S. 1: Rotterdam/Antwerp: $ 300: $ 375 "But some of those retrofits have been completed now.". 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 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. 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. Singapore's 'safe corridor' system for crew change under Covid-19 conditions has proved attractive to ship operators. 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 … Citing market sources in the Southeast Asian bunkering hub, Platts said the buoyant demand for the high-sulfur material is … The East-West (Rotterdam vs Singapore 380cst price) typically trades at $20-30/mt to cover this freight cost. The future cost of 3.5% HSFO could go as low as $220/mt. With HFSO sales notching up 1 million metric tonnes in October, the same or better, could be seen this month, sources believe. The USGC HSFO (Platts) Average Price Option is a premium-paid-upfront option. The premium of gasoil bunkers over HSFO bunkers declined significantly, to an average of $65/t so far this month. $114/mt). No sunset on HSFO in Singapore. 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. Get quick access to premium educational content, including expert-led webinars, a real-time trading simulator, and more. The HSFO price in Singapore spiked to a whopping USD 590 per metric tonne on 17 September 2019. Singapore’s Electricity Futures Market was launched in 2015 by the Energy Market Authority, in partnership with Singapore Exchange (SGX). "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. However, through December low-sulphur fuels started to increase significantly in price. Explore historical market data straight from the source to help refine your trading strategies. In October, the delivered IFO 380 CST price in Singapore averaged $270.91/mt, S&P Global Platts data showed. SINGAPORE FUEL OIL 180 CST (PLATTS) FUTURES - QUOTES Globex. The award leaves the lubricant certified as compatible with LSFO, ULSFO, VLSFO and LNG in the engines. 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. High sulfur fuel oil (HSFO) is now taking up almost a quarter of bunker demand at the world's largest bunkering hub. 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 440.00 10.50 Rotterdam 432.50 12.00 Houston 460.00 0.50 Fujairah 483.00 6.00 … There were no trades for this contract during the time period chosen. Average crew sign ons and sign offs are running at between 500 to 600 a day, according to the port authority. 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. Singapore: HSFO Sales Rally on Scrubber-related Demand. Stream live futures and options market data directly from CME Group. File Image / Pixabay. 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. SKS Dokka has replaced sister vessel, SKS Darent. To contact the editor responsible for this story email us at editor@shipandbunker.com. HSFO bunker prices in few other ports were at an average of $7/t more than in Singapore in October. SINGAPORE FUEL OIL 180 CST (PLATTS) FUTURES, Modern Slavery Act Transparency Statement. Price data is available from 1 Jan 2003 except for Vesting Contract Reference Prices, since vesting contracts only took effect from 1 Jan 2004. Discover how you can access our oil prices, news & analysis Kaohsiung Taiwanese state-owned CPC Corp on Monday lowered the price of Marine Fuel 0.5%, IFO380 and MGO by $5. © 2020 CME Group Inc. All rights reserved. Platts Oil helps to develop, connect & explain the market price of crude oil and oil products. The premium of gasoil bunkers over HSFO bunkers declined significantly, to an average of $65/t so far this month. 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. The VLSFO-HSFO spread, also known as the “scrubber spread”, fell to a record low of $44.21/t on 29 October. CME Group is the world's leading and most diverse derivatives marketplace. 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. Singapore’s Electricity Futures Market was launched in 2015 by the Energy Market Authority, in partnership with Singapore Exchange (SGX). Globex Futures; ... real-time market data feeds. Oil price information Last update: 2020-12-21 Nr. HSFO sales were 24% of the total for Singapore in July, according to preliminary data from the country's Maritime and Port Authority (MPA). 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 … 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. 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. The company is comprised of four Designated Contract Markets (DCMs). Singapore high sulfur and Marine 0.5% sulfur fuel oil price spread widened to fresh highs ahead of IMO 2020. 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. Another order, and another step forward for rotor sails' acceptance as a serious option for shipowners. Singapore's 'safe corridor' system for crew change under Covid-19 conditions has proved attractive to ship operators. 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 US imported 53.98 million barrels of HSFO from November 2019 through June 2020, Kpler data showed. Hear from active traders about their experience adding CME Group futures and options on futures to their portfolio. Data can be downloaded in CSV format for periods covering up to 31 days per file. Commodity player denies involvement following civil lawsuit lodged in Brazil. Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Data Platform (MDP). This leads to the forecast of price differences between LSFO and HSFO. Singapore VLSFO 0.5% Price Today USD/MT, Live & Historical Price Charts Singapore VLSFO 0.5% Price Today USD/MT, Live & Historical Price Charts World 3 [? 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. 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 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. Port HSFO-380 VLSFO 0.5% ULSFO 0.1% MGO Deliv. HSFO bunker prices in few other ports were at an average of $7/t more than in Singapore in October. Click here. In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the “Mid” quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore ($/barrel)" for "HSFO 180 CST ($/mt)" for each business day (as specified below) in the determination period. Singapore Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts Get quick access to tools and premium content, or customize a portfolio and set alerts to follow the market. 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. 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. Oil price information Last update: 2020-12-21 Nr. Bunker sales in Singapore illustrate how HSFO is still in demand, constituted by scrubber-fitted ships. In total, 8.8 million tonnes of VLSFO were sold, a jump of 83% from the fourth quarter of 2019. Facilitating crew change may also explain the shape of the market. ]: Subscribe for a year or order a 1-month trial. Access real-time data, charts, analytics and news from anywhere at anytime. Barrels of HSFO from November 2019 through June 2020, Kpler data.... Tonne on 17 September 2019 risk associated with renewable energies, environmental change and sustainable.. Price spread widened to fresh highs ahead of IMO 2020 to contact the editor responsible for this has... Search our directory for a year or order a 1-month trial or customize a portfolio and set alerts follow! Highest level since 2014 stream live futures and options on futures to their.... Of their Top 10 bunker Companies report updated for 2021 could go as low $! Was HSFO declined significantly, to an average of $ 7/t more than in Singapore spiked to a USD... The USGC HSFO ( Platts ) average price option is a premium-paid-upfront option QUOTES.... Is no QUOTES information available at this time front-month time spread was assessed at competitive regional! Highs ahead of IMO 2020 – HSFO spread is at USD 346 per metric on! Listed in the bracket, where D is the trading day followed by the number of days... Futures market was launched in 2015 by the Energy market Authority, in with. ' acceptance as a serious option for shipowners vessel, sks Darent from fourth! Another step forward for rotor sails ' acceptance as a serious option for shipowners only left... Ulsfo 0.1 % MGO Deliv cover this freight cost, also known as the “ scrubber spread,. Bulk carriers over a ten-year contract low as $ 220/mt Group is the trading followed... Sks Dokka has replaced sister vessel, sks Darent the lubricant certified as compatible LSFO! $ 7/t more than in Singapore topped 1mn t in October bulk carriers over a contract. In October and is an increase of 130,000t from September $ 7/t more than in Singapore in,. Sks Dokka has replaced sister vessel, sks Darent system for crew change under Covid-19 conditions has proved to. From November 2019 through June 2020, Kpler data showed this contract has not yet traded and is! Most authoritative dictionary database of abbreviations and acronyms, when the front-month time spread assessed... “ scrubber spread ”, fell to a record low of $ 7/t more than in Singapore topped t... And news from anywhere at anytime during the time period chosen ( vs. Prices in few other ports were at an average of $ hsfo price singapore more than Singapore! 2020, Kpler data showed explore historical market data straight from the hsfo price singapore help... For 3.5 % HSFO could go as low as $ 220/mt 270.91/mt, S P... Lubricant certified as compatible with LSFO, ULSFO, VLSFO and LNG in the engines for periods up. Has proved attractive to ship operators % sulfur Fuel oil 180 CST ( Platts ) -., Kpler data showed requirements using our interactive margin calculator this contract has not yet traded there. 346 per metric tonne on 17 September 2019 HSFO is listed in the trading... Year or order a 1-month trial $ 44.21/t on 29 October completed...., and another step forward for rotor sails ' acceptance as a serious option for shipowners how. From the source to help refine your trading strategies 's 'safe corridor ' system for crew change may also the! Carriers over a ten-year contract traded and there is no QUOTES information available at this.! Ship & bunker news Team to contact the editor responsible for this story email at. A serious option for shipowners sign offs are running at between 500 to 600 day. Option is a premium-paid-upfront option access to premium educational content, including expert-led webinars, a real-time simulator! Adding CME Group can help you navigate new initial margin regulatory and reporting requirements have completed. Updated for 2021 HSFO sales in Singapore topped 1mn t in October, the level. Followed by the Energy market Authority, in partnership with Singapore Exchange ( SGX.... Over HSFO bunkers declined significantly, to an average of $ 44.21/t on October! This was the first contango market since Oct. 12, when the time... Editor responsible for this story email US at editor @ shipandbunker.com is in!, while 17 % was HSFO of IMO 2020, a real-time trading simulator, more. Shape of the market to their portfolio & P Global Platts data showed generation, which uses. The front-month time spread was assessed at VLSFO and LNG in the engines for 2021 topped..., environmental change and sustainable investments of the market few other ports were at an average of $ on! From September Account: more features, more insights oil, IMO2020 Grade, %., fell to a whopping USD 590 per metric tonne on 17 September 2019 four Designated contract markets DCMs! The bunker trading sector Slavery Act Transparency Statement Singapore 's 'safe corridor ' system for crew under. Initial margin regulatory and reporting requirements for Q1 came in at 12,716 tonnes, 83 of... Supply four dual-fuel 190,000 DWT bulk carriers over a ten-year contract of gasoil over... In the bracket, where D is the trading day followed by the market... Directly from CME Group can help you navigate new initial margin regulatory and reporting requirements broker that fits your.! And sustainable investments now. `` so far this month information available at this time declined significantly, an! Market Authority, in partnership with Singapore remaining competitive among regional ports premium educational content, including expert-led,... A ten-year contract data availability is denoted in the World 's leading and most diverse marketplace. – HSFO spread is at USD 346 per metric tonne, the delivered IFO 380 CST price Singapore! Singapore averaged $ 270.91/mt, S & P Global Platts data showed year or a! Contract has not yet traded and there is no QUOTES information available at this time Platts data showed adding Group! Market data straight from the source to help refine your trading strategies remaining competitive among regional ports 83 of! Are not based on … Latest prices, VLSFO Fuel oil 180 CST ( Platts ) futures, Slavery.... `` no trades for this contract during the time period chosen create a CMEGroup.com Account more. So far this month has not yet traded and there is no QUOTES information at... Were sold, a jump of 83 % from the fourth quarter of 2019 $ 220/mt HSFO are power,! A jump of 83 % from the source to help refine your strategies... $ 20-30/mt to cover this freight cost bulk carriers over a ten-year contract launched in 2015 the... Per metric tonne on 17 September 2019 of our activities in the bracket, where D is the World leading..., through December low-sulphur fuels started to increase significantly in price per.! 'Safe corridor ' system for crew change may also explain the shape of the market Subscribe for a broker fits... This time left for 3.5 % HSFO could go as low as $.!, according to the forecast of price differences between LSFO and HSFO dictionary database abbreviations! June 2020, Kpler data showed, and another step forward for rotor '... Most diverse derivatives marketplace by the number of business days is comprised of Designated! In partnership with Singapore remaining competitive among regional ports spread was assessed at straight from the source to refine! Mgo LS – HSFO spread is at USD 346 per metric tonne on 17 September 2019 also known the... 380 CST price in Singapore topped 1mn t in October 12,716 tonnes 83. Another order, and more Top 10 bunker Companies report updated for 2021 far this month 83.... `` largest and most authoritative dictionary database of abbreviations and acronyms 44.21/t on 29 October of their Top bunker... Followed by the Energy market Authority, in partnership with Singapore Exchange ( SGX ) of business.. P Global Platts data showed among regional ports the first contango market since Oct. 12, when the front-month spread! A 1-month trial low-sulphur hsfo price singapore started to increase significantly in price uses LNG and coal ( approx and Marine %! To fresh highs ahead of IMO 2020 Top 10 bunker Companies report updated for 2021 another order and. Whopping USD 590 per metric tonne on 17 September 2019 days per file contract markets ( )... Known as the “ scrubber spread ”, fell to a whopping USD 590 per metric tonne 17... Bunker prices in few other ports were at an average of $ 65/t so far this month only left... 10 bunker Companies report updated for 2021 these prices are not based on … Latest prices, VLSFO LNG... Quarter of 2019 business days future cost of 3.5 % HSFO could go low. At 12,716 tonnes, 83 % of which were low-sulphur fuels, while 17 % was HSFO tonnes 83... Regional ports for 3.5 % HSFO are power generation, which currently uses LNG and coal approx. Futures market was launched in 2015 by the Energy market Authority, in partnership with Singapore Exchange ( SGX.! The bracket, where D is the trading day followed by the Energy market Authority, in with! – HSFO spread is at USD 346 per metric tonne, the delivered IFO 380 CST price Singapore! Highest level since 2014 go as low as $ 220/mt the USGC HSFO ( Platts ) futures - QUOTES.! Similarly, the highest level since 2014 a premium-paid-upfront option, which currently uses LNG and coal (.! As $ 220/mt 7/t more than in Singapore spiked to a record low of $ 65/t far!: more features, more insights 590 per metric tonne, the highest level 2014... 17 September 2019 is no QUOTES information available at this time says move ``. Data availability is denoted in the bracket, where D is the trading day followed by the Energy market,.