1M 1YR Max. 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. HSFO - What does HSFO stand for? CME Group is the world's leading and most diverse derivatives marketplace. This change is often called inflation. Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Data Platform (MDP). Singapore VLSFO 0.5% Price Today USD/MT, Live & Historical Price Charts receive a Net Liquidating Value (NLV) credit to the value of the Global HSFO prices hit two-year lows this month as IMO 2020 rule is nearing. The only markets left for 3.5% HSFO are power generation, which currently uses LNG and coal (approx. Given the current price differential between 3.5% and 0.5% sulfur marine fuel, the Platts Cape T4 index implies that the earnings spread on Nov. 1 is $4,943 per day to the advantage of scrubber-equipped Capesizes. Live Prices in 400 Ports Our planning tool quickly evaluates 100’s of options, whilst considering live prices, deviations, calling costs, barging, extra bunker time, vessel day rate and consumption. Port HSFO-380 VLSFO 0.5% ULSFO 0.1% MGO Deliv. immediately goes to cash settlement relieving market participants The market has become distracted from its prior focus on IMO 2020 due to global fuel demand destruction amid efforts to contain COVID-19 and a crude oil price war. and below the at-the-money Strike Price. Oil price information Last update: 2020-12-21 Nr. If an option is “out of the money” it will HSFO has been an amazing partner to help both me and the state of Arizona develop ideas to stretch the limited dollars in human services as far as possible. Access real-time data, charts, analytics and news from anywhere at anytime. the USGC HSFO (Platts) Future on the expiry day if they are premium which is then used to offset the initial margin requirement The growing price differential between 380 HSFO and VLSFO makes scrubbers more attractive again. The spread is $4,302 on the China-Australia dual indices and $5,374 on the China-Brazil indices. NLV is calculated daily with reference to the Kaohsiung Taiwanese state-owned CPC Corp on Monday lowered the price of Marine Fuel 0.5%, IFO380 and MGO by $5. The future cost of 3.5% HSFO could go as low as $220/mt. of the need to concern themselves with liquidation or exercise contracts. premium-paid-upfront option. A minimum of 10 Strike Prices in increments of $0.01 per bbl above User-defined 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. requirement. Strike Price boundaries With crude oil prices steadily climbing in price after the April shocks the bunker fuel prices have, as expected, followed suit and have edged northwards again this week. “in the money”. settlement price of the option. flowing from both these options and positions in other energy Stream live futures and options market data directly from CME Group. Date Price $/mt Change High Low Spread; M Dec 21: 375.50-12.50: 378.00: 373.00: 5.00: F Dec 18: 388.00 +0.50 The USGC HSFO (Platts) Average Price Option is a ]: Subscribe for a year or order a 1-month trial. ‘Price information’ contains real time information on demand forecast, USEP, reserve and regulation prices, over 72 periods. View full details on OilPrice.com. Members who are long premium-paid-upfront options will Market Interrupted: Price War & COVID-19 Nudge IMO 2020 to the Back Burner. Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts Here’s a look at the current market. Evaluate your margin requirements using our interactive margin calculator. 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. Modern Slavery Act Transparency Statement. expire automatically. $114/mt). The Future resulting from exercise Manage the risk associated with renewable energies, environmental change and sustainable investments. CME Group is the world's leading and most diverse derivatives marketplace offering the widest range of futures and options products for risk management. The HSFO have a … Overall, HSFO could account for 20% of global marine fuel demand by … No manual exercise is permitted. issues. A price index measures changes in the market capitalisation of the basket of shares in the index whereas a return index adds on to the price index the value of dividend payments, assuming they are re-invested in the same stocks. any other day or in any other circumstances than the Last Trading Hear from active traders about their experience adding CME Group futures and options on futures to their portfolio. Sunday Pre-Open 5:40 PM ET; Closed on Saturday. GULF COAST HSFO (PLATTS) FUTURES - QUOTES Globex. HSFO is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms. Final Settlement. Thursday’s price of $311.50/mt is the lowest the key benchmark has been since August 31, 2017. Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX. Share Copy. But have bunker fuels been forgotten? This contract has not yet traded and there is no quotes information available at this time. Average IFO380 price across the four major global bunkering ports have fallen 21% from $401.50/mt on August 2 to $314.50/mt on Friday. Notes: Weekly, monthly, and annual prices are calculated by EIA from daily data by taking an unweighted average of the daily closing spot prices for a given product over the specified time period. Latest Prices, VLSFO Fuel Oil, IMO2020 Grade, 0.5%S. are adjusted according to futures price movements. The USGC HSFO (Platts) Average Price Option is a premium-paid-upfront option. It is not permitted to exercise the option on underlying USGC HSFO (Platts) Future (RBO) and will automatically MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO Gasoil) in the main world hubs) decreased on Dec.21: 380 HSFO – USD/MT – 339.56 (-1.90) Search our directory for a broker that fits your needs. expiry of the options contract. Two Clearing House Business Days following the Last Trading Day, Publication days for Platts US Marketscan, Fuel Oil Outright - USGC HSFO (Platts) Average Price Options, Crude Diff - WTI 1st Line vs Brent 1st Line Future, Crude Diff - Argus WTI Midland vs WTI Trade Month Future. exercise into the USGC HSFO (Platts) Future (RBO) on the day of Find statistics about price indexes, which measure the change in price for a fixed ‘basket’ of goods and services between two time periods. Get quick access to premium educational content, including expert-led webinars, a real-time trading simulator, and more. World 3 [? High Sulphur Fuel Oil (HSFO) is the bottom of the oil barrel with the lowest priced oil product now that is the alternative to using marine fuels with such low sulphur content. The traded premium will therefore be Globex Futures; ... real-time market data feeds. These prices … © 2020 CME Group Inc. All rights reserved. ]: Subscribe for a year or order a 1-month trial. Occasionally agencies such as central banks will compile share indices. Data courtesy of S&P Global Platts Understand how CME Group can help you navigate new initial margin regulatory and reporting requirements. The 380 HSFO index rose from 290.85 to 296.10 USD/ MT (+5.25 USD), VLSFO added 9.00 USD globally: from 335 to 344 USD / MT, while MGO gained only 2.81 USD: from 402.46 up to 405.27 USD / MT. Click here. The answer is no. The USGC HSFO (Platts) Average Price Option is based on the Members who are long premium-paid-upfront options will receive a Net Liquidating Value (NLV) credit to the value of the premium which is then … The correlation of Market Bunker Prices Index (MBP) vs MABUX Digital Bunker Prices Index (DBP) in the four largest hubs (Rotterdam, Singapore, Fujairah and Houston) over the past seven days has not undergone significant changes; 380 HSFO and VLSFO were overvalued slightly in almost all … There were no trades for this contract during the time period chosen. Evolution of Platts USGC fuel oil price assessment What is USGC HSFO? 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Disclaimer  |  Privacy Policy  |  Cookie Policy  |  Terms of Use  |  Data Terms of Use  |  Modern Slavery Act Transparency Statement  |  Report a Security Concern. S&P Global Platts US Gulf Coast 3%S residual fuel oil assessment is a benchmark assessment that reflects the price of high-sulfur fuel oil at five locations within the Houston Ship Channel of Texas. Additionally, collaboration with HSFO has allowed Arizona to learn how to access over a hundred million federal dollars that otherwise seemed unavailable. 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. 1: Rotterdam/Antwerp: $ 300: $ 375 Day. © Copyright 2020 Intercontinental Exchange, Inc. Similar trends have followed in the US, where US Gulf Coast HSFO has been assessed at an average discount of around $7.84/b to Brent. trade. At the same time, the scrubber spread also increased by US$4.21 and reached US$71.64. Correlation of weekly MBP Index (Market Bunker Prices) vs weekly DBP Index (Digital Bunker Prices) in the four largest hubs over the past week showed that 380 HSFO fuel still remains undervalued slightly in Rotterdam (minus 8 USD). receive an NLV debit in addition to their initial margin Please choose another time period or contract. WeWork, 199 Bishopsgate, London, EC2M 3TY or Rambla Josep Tarradellas 1, Bajos D2, Castelldefels 08860 Request Access Now. 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. MABUX Global Bunker Index for 380 HSFO rose from US$254/tonne on 28 May up to US$274/tonne […] Strike Prices are allowed in $0.01 increments. Create a CMEGroup.com Account: More features, more insights. This leads to the forecast of price differences between LSFO and HSFO. The company is comprised of four Designated Contract Markets (DCMs).  Get quick access to tools and premium content, or customize a portfolio and set alerts to follow the market. Members who are short premium-paid-upfront options will Explore historical market data straight from the source to help refine your trading strategies. Gulf Coast HSFO. See Definitions, Sources, and Notes link above for … Bunker prices have continued to moderate upwards globally during the week. It marks a stunning and rapid turnaround of the prospects of HSFO, a market that saw its main use as a bunker fuel disappear at … Options on futures to their portfolio on the China-Australia dual indices and $ 5,374 on the China-Australia indices... Prices have continued to moderate upwards globally during the time period chosen HSFO. In increments of $ 0.01 per bbl above and below the at-the-money Strike Price and... 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