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argus bunker index

“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. The Asia Pacific Exchange (APEX) launched the APEX Argus Bunker Index Singapore LSFO 0.5%S futures contract on Friday 18 October. Thank you for your interest in sponsoring Argus Bunker Fuels 2019. The delivery timing is four to 12 days ahead. 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. 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, 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. 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 … 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. 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%. Argus delivered bunker price assessments are based upon the fundamentals driving the shipping industry and the way it trades. Argus’ assessments of Zhoushan-delivered marine fuels prices are based on trades, bids, offers and other market information. In addition, the service provides the latest market-moving news, analysis and access to unique scrubber installation data. © 2020 Argus Media group. 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’. 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. In addition, it may create opportunities for spread trading across crude and other refined oil product markets, as well as inter-month trading. 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. If you continue we'll assume that you are happy to receive all cookies on the Argus Media website. Argus assesses the Zhoushan bunker index based on reported spot trades on a volume-weighted average basis, as well as at Shanghai port. Register below and we will customize a solution that meets your exact needs. When you speak to one of our experts, you may be qualified to sample our industry-leading products on a no-cost basis. Register Now. This new contract is the first derivative worldwide to provide a delivered bunker price hedging tool for 0.5% sulphur fuel. This contract provides a tool “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. Argus was founded in 1970 and is a privately held UK-registered company. 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. You can unsubscribe from these updates at any time. Don’t waste time having to ask questions such as: What's the premium? Register your interest in Argus Bunker Fuels Conference. Please fill in your details and we will be in touch with you. Argus produces price assessments and analysis of international energy and other commodity markets, and offers bespoke consulting services and industry-leading conferences. It is owned by employee shareholders and global growth equity firm General Atlantic. SINGAPORE, Oct. 21, 2019 /PRNewswire/ -- Trades seen on first day of APEX Argus Bunker Index Singapore LSFO futures market 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 Zhoushan Bunker Index for MGO 0.1%S is for delivered-on-board cargoes ranging 50-500t. 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. Argus publishes reports that include key industry index and benchmark prices for refined oil products. 26-28 March. “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. 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. 1970 and is a privately held UK-registered company markets, as well as at Shanghai port huge challenge in risk! Delivery timing is four to 12 days ahead participants to hedge price risks associated with marine fuel may. Tighter sulphur specifications being introduced by the International Maritime organisation in 2020 premium! 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