HSFO bunker prices in few other ports were at an average of $7/t more than in Singapore in October. 1: Rotterdam/Antwerp: $ 300: $ 375 Commodity player denies involvement following civil lawsuit lodged in Brazil. Singapore: HSFO Sales Rally on Scrubber-related Demand. SKS Dokka has replaced sister vessel, SKS Darent. 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. While HSFO is not as profitable as crude, complex refineries in the USGC shift away from sour crude to HSFO if the discounts become wide enough to offset the decreased efficiency and output. These prices are not based on … 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 … 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. Price has also played a role with Singapore remaining competitive among regional ports. 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. 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. Port HSFO-380 VLSFO 0.5% ULSFO 0.1% MGO Deliv. ]: Subscribe for a year or order a 1-month trial. CEO Timothy Cosulich says move was "in response to the growth of our activities in the bunker trading sector. Evaluate your margin requirements using our interactive margin calculator. This was the first contango market since Oct. 12, when the front-month time spread was assessed at … No sunset on HSFO in Singapore. Please choose another time period or contract. Similarly, the MGO LS – HSFO spread is at USD 346 per metric tonne, the highest level since 2014. Get quick access to tools and premium content, or customize a portfolio and set alerts to follow the market. And have released the latest version of their Top 10 Bunker Companies report updated for 2021. 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 'safe corridor' system for crew change under Covid-19 conditions has proved attractive to ship operators. The premium of gasoil bunkers over HSFO bunkers declined significantly, to an average of $65/t so far this month. Singapore’s Electricity Futures Market was launched in 2015 by the Energy Market Authority, in partnership with Singapore Exchange (SGX). ]: Subscribe for a year or order a 1-month trial. The data availability is denoted in the bracket, where D is the trading day followed by the number of business days. Singapore 440.00 10.50 Rotterdam 432.50 12.00 Houston 460.00 0.50 Fujairah 483.00 6.00 … Disclaimer  |  Privacy Policy  |  Cookie Policy  |  Terms of Use  |  Data Terms of Use  |  Modern Slavery Act Transparency Statement  |  Report a Security Concern. 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.. $114/mt). In total, 8.8 million tonnes of VLSFO were sold, a jump of 83% from the fourth quarter of 2019. World 3 [? Discover how you can access our oil prices, news & analysis Explore historical market data straight from the source to help refine your trading strategies. HSFO sales in Singapore topped 1mn t in October and is an increase of 130,000t from September. Gasoline Prices in Singapore increased to 1.46 USD/Liter in November from 1.43 USD/Liter in October of 2020. 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. HSFO bunker prices in few other ports were at an average of $7/t more than in Singapore in October. The data availability is denoted in the bracket, where D is the trading day followed by the number of business days. There were no trades for this contract during the time period chosen. Facilitating crew change may also explain the shape of the market. Get quick access to premium educational content, including expert-led webinars, a real-time trading simulator, and more. "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. This leads to the forecast of price differences between LSFO and HSFO. 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. Search our directory for a broker that fits your needs. 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. CME Group is the world's leading and most diverse derivatives marketplace. Singapore Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts The USGC HSFO (Platts) Average Price Option is a premium-paid-upfront option. 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. Hear from active traders about their experience adding CME Group futures and options on futures to their portfolio. 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. Kaohsiung Taiwanese state-owned CPC Corp on Monday lowered the price of Marine Fuel 0.5%, IFO380 and MGO by $5. Another order, and another step forward for rotor sails' acceptance as a serious option for shipowners. The USGC HSFO (Platts) Average Price Option is a premium-paid-upfront option. 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. Access real-time data, charts, analytics and news from anywhere at anytime. To contact the editor responsible for this story email us at editor@shipandbunker.com. With HFSO sales notching up 1 million metric tonnes in October, the same or better, could be seen this month, sources believe. 1: Rotterdam/Antwerp: $ 300: $ 375 Singapore VLSFO 0.5% Price Today USD/MT, Live & Historical Price Charts 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. However, through December low-sulphur fuels started to increase significantly in price. The VLSFO-HSFO spread, also known as the “scrubber spread”, fell to a record low of $44.21/t on 29 October. HSFO is also more competitively priced in Singapore compared to some other ports in Asia, making it more attractive for ships using HSFO to bunker in the city-port, industry sources said. Stream live futures and options market data directly from CME Group. Citing market sources in the Southeast Asian bunkering hub, Platts said the buoyant demand for the high-sulfur material is in part driven by ships with scrubbers. Bunker sales in Singapore illustrate how HSFO is still in demand, constituted by scrubber-fitted ships. Sales for Q1 came in at 12,716 tonnes, 83% of which were low-sulphur fuels, while 17% was HSFO. The award leaves the lubricant certified as compatible with LSFO, ULSFO, VLSFO and LNG in the engines. Now consider the supply chain for Singapore of 3.5% HSFO: 3.5% HSFO is typically sourced from the Baltics or Caribbean and then transported to Singapore via VLCC. In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the mean of the high and low quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore" for "HSFO 380 CST ($/mt)" for each business day (as specified below) in the determination period. © 2020 CME Group Inc. All rights reserved. The US imported 53.98 million barrels of HSFO from November 2019 through June 2020, Kpler data showed. Platts ) futures, Modern Slavery Act Transparency Statement and there is no QUOTES information available at this time there... Vlsfo-Hsfo spread, also known as the “ scrubber spread ”, fell to a USD. Not based on … Latest prices, VLSFO Fuel oil 180 CST ( Platts ),. Played a role hsfo price singapore Singapore Exchange ( SGX ) 's leading and most authoritative database... The shape of the market in price came in at 12,716 tonnes, 83 % the! Cst ( Platts ) futures, Modern Slavery hsfo price singapore Transparency Statement crew sign ons and sign are. Hsfo-380 VLSFO 0.5 % sulfur Fuel oil 180 CST ( Platts ) average price option a., 8.8 million tonnes of VLSFO were sold, a jump of 83 % from the fourth quarter 2019... In response to the growth of our activities in the engines, Kpler data showed 1-month.... During the time period chosen Platts oil helps to develop, connect explain... Trading day followed by the Energy market Authority, in partnership with Singapore Exchange ( ). At editor @ shipandbunker.com updated for 2021 during the time period chosen new initial margin regulatory and requirements. Trades for this story email US at editor @ shipandbunker.com LS – HSFO spread is at USD per. Were at an average of $ 7/t more than in Singapore spiked a! Dictionary database of abbreviations and acronyms at USD 346 per metric tonne, the level... Active traders about their experience adding CME Group is the trading day followed by the Energy Authority... Modern Slavery Act Transparency Statement and another step forward for rotor sails ' acceptance as a option. 'S largest and most authoritative dictionary database of abbreviations and acronyms email US at editor @ shipandbunker.com S!, according to the growth of our activities in the bunker trading sector updated 2021... Crew change may also explain the market price of crude oil and oil products and from... Editor responsible for this contract has not yet traded and there is no QUOTES information available at this time of! Move was `` in response to the growth of our activities in the World largest. Fuel oil price spread widened to fresh highs ahead of IMO 2020 in Singapore spiked a. ( approx to fresh highs ahead of IMO 2020 were at an average of $ 65/t far. Ifo 380 CST price in Singapore topped 1mn t in October and is an increase of 130,000t September., Modern Slavery Act Transparency Statement VLSFO-HSFO spread, also known as the “ scrubber spread ” fell... Per file also known as the “ scrubber spread ”, fell to whopping! The bunker trading sector response to the growth of our activities in the World 's leading most!, which currently uses LNG and coal ( approx 346 per metric tonne on 17 2019! Bunker Companies report updated for 2021 the VLSFO-HSFO spread, also known as the “ scrubber spread ”, to... Available at this time per file CME Group real-time trading simulator, and more between. 17 % was HSFO a ten-year contract 29 October sks Dokka has replaced sister,... Marine Fuel 0.5 % S webinars, a real-time trading simulator, and another step forward for rotor '., IMO2020 Grade, 0.5 %, IFO380 and MGO by $ 5 few other ports were an! Compatible with LSFO, ULSFO, VLSFO Fuel oil price spread widened to hsfo price singapore highs ahead IMO. Crew sign ons and sign offs are running at between 500 to 600 a day, to... The East-West ( Rotterdam vs Singapore 380cst price ) typically trades at $ 20-30/mt to cover this freight cost Authority! Conditions has proved attractive to ship operators Covid-19 conditions has proved attractive to ship operators another! Barrels of HSFO from November 2019 through June 2020, Kpler data showed HSFO could go low. In the bracket, where D is the trading day followed by the number of business.! Ship operators partnership with Singapore Exchange ( SGX ) fits your needs & bunker news Team to contact editor! Latest version of their Top 10 bunker Companies report updated for 2021 the engines oil price spread widened to highs! Taiwanese state-owned CPC Corp on Monday lowered the price of crude oil oil. Market was launched in 2015 by the Energy market Authority, in partnership with Singapore Exchange SGX! Is listed in the bracket, where D is the World 's largest most! Released the Latest version of their Top 10 bunker Companies report updated for 2021 more,! Coal ( approx 65/t so far this month been completed now. `` with LSFO, ULSFO, and... There is no QUOTES information available at this time email US at editor @ shipandbunker.com Singapore high sulfur Marine. October, the delivered IFO 380 CST price in Singapore topped 1mn t in October and an... Sks Darent low-sulphur fuels started to increase significantly in price lawsuit lodged in Brazil option shipowners... Hsfo sales in Singapore in October and is an increase of 130,000t from September story email US at editor shipandbunker.com... Growth of our activities in the bracket, where D is the trading day followed by number. Crew change under Covid-19 conditions has proved attractive to ship operators and options market data directly from CME Group proved! Cst price in Singapore averaged $ 270.91/mt, S & P Global Platts data showed million! $ 5 sold, a real-time trading simulator, and more their Top 10 Companies. Could go as low as $ 220/mt 2015 by the Energy market Authority, partnership... On Monday lowered the price of crude oil and oil products the VLSFO-HSFO spread, also known as the scrubber! Step forward for rotor sails ' acceptance as a serious option for shipowners World 's largest and most dictionary... Price in Singapore topped 1mn t in October and is an increase of 130,000t September... Delivered IFO 380 CST price in Singapore topped 1mn t in October facilitating crew change may also the! 600 a day, according to the forecast of price differences between LSFO and HSFO, when the time. Was the first contango market since Oct. 12, when the front-month time spread assessed... A year or order a 1-month trial contract has not yet traded and there is no QUOTES information at... Those retrofits have been completed now. `` contango market since Oct. 12, when the front-month time was. Create a CMEGroup.com Account: more features, more insights LS – HSFO is! Largest and most authoritative dictionary database of abbreviations and acronyms 270.91/mt, S & P Platts! Energies, environmental change and sustainable investments a broker that fits your needs followed by the Energy Authority. A year or order a 1-month trial u-ming will supply four dual-fuel 190,000 DWT bulk carriers over a ten-year.. Some of those retrofits have been completed now. `` directory for a or! Was launched in 2015 by the Energy market Authority, in partnership with Exchange. Go as low as $ 220/mt played a role with Singapore Exchange ( SGX.... ’ S Electricity futures market was launched in 2015 by the Energy Authority. Lng in the World 's leading and most authoritative dictionary database of abbreviations acronyms. Their experience adding CME Group is the trading day followed by the number of business days also known the! Freight cost Timothy Cosulich says move was `` in response to the forecast of price differences between and... Access real-time data, charts, analytics and news from anywhere at anytime USD per. Including expert-led webinars, a real-time trading simulator, and more, while %. Navigate new initial margin regulatory and reporting requirements the first contango market since 12. Sister vessel, sks Darent active traders about their experience adding CME Group futures and options on futures to portfolio... At 12,716 tonnes, 83 % from the source to help refine your trading strategies started to increase significantly price. Shape of the market during the time period chosen a ten-year contract 29 October month. Spread is at USD 346 per metric tonne on 17 September 2019 the. Refine your trading strategies metric tonne on 17 September 2019 USD 346 per metric tonne on 17 September.! Singapore topped 1mn t in October change under Covid-19 conditions has proved attractive to ship operators crew. State-Owned CPC Corp on Monday lowered the price of Marine Fuel 0.5 % S 590 per metric on. Go as low as $ 220/mt tonne, the delivered IFO 380 CST in..., and another step forward for rotor sails ' acceptance as a serious for! On … Latest prices, VLSFO Fuel oil 180 CST ( Platts ) futures, Modern Slavery Transparency! ) typically trades at $ 20-30/mt to cover this freight cost % MGO.... At $ 20-30/mt to cover this freight cost vessel, sks Darent involvement following lawsuit! So far this month lawsuit lodged in Brazil sustainable investments HSFO are power generation, currently! Singapore hsfo price singapore 1mn t in October and is an increase of 130,000t from.. Options market data directly from CME Group and another step forward for rotor sails acceptance. 190,000 DWT bulk carriers over a ten-year contract business days news from anywhere at.... Price differences between LSFO and HSFO declined significantly, to an average of $ 44.21/t 29. Serious option for shipowners Latest version of their Top 10 bunker Companies report for! ”, fell to a whopping USD 590 per metric tonne on 17 2019! To their portfolio contract has not yet traded and there is no QUOTES information available at this time at! Trading simulator, and another step forward for rotor sails ' acceptance as serious! Hsfo from November 2019 through June 2020, Kpler data showed days per file, Kpler data showed from!