Argus was founded in 1970 and is a privately held UK-registered company. 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%. 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 crude oil pricing has been entrenched in the world’s global markets since 1979. Argus will continue to provide reliable marine fuel assessments including low and high-sulphur fuel oil and low-sulphur marine gasoil in Singapore and elsewhere, including the Zhoushan Bunker Indexes (ZBIs) launched earlier this year.”. This contract provides a tool When you speak to one of our experts, you may be qualified to sample our industry-leading products on a no-cost basis. Managing Price Risk We manage your personal data in accordance with our privacy policy. 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. 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. The Asia-Pacific Exchange (Apex) Argus Bunker Index (ABI) futures contract attracted 120 trades on its first day of activity in Singapore today. The ABI Singapore LSFO 0.5%S futures is a cash-settled derivatives contract for low-sulphur fuel oil (LSFO). Crude oil. Please fill in your details and we will be in touch with you. The delays do not appear to have affected spot trades for delivery in mid-August, with about 4,000t of combined spot traded volumes reported on 3 August in Zhoushan, including very-low sulphur fuel oil (VLSFO), marine gasoil and high-sulphur fuel oil. Global energy and commodity price reporting agency Argus today launches a sustainable aviation fuel (SAF) price for US west coast markets. Our website uses cookies to ensure that we give you the best experience on our website. If more than two assessment- All rights reserved. The delivery timing is four to 12 days ahead. Argus Media is an independent media organisation with more than 1,000 staff. The ABI Singapore LSFO 0.5%S futures is a cash-settled derivatives contract for low-sulphur fuel … 26-28 March. 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 Media may use the details submitted to send you information about related Argus products and services which may be of interest to your business. A total of 120 lots traded on the opening day on the December, January and February contracts, with prices closing at $539.10/t, $543.50/t and $537.40/t, respectively. 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%. © 2020 Argus Media group. 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). It is owned by employee shareholders and global growth equity firm General Atlantic. “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. Thank you for your interest in sponsoring Argus Bunker Fuels 2019. Marine fuels industry and shipping companies face a huge challenge in managing risk associated with the price of this new fuel. The Asia Pacific Exchange (APEX) launched the APEX Argus Bunker Index Singapore LSFO 0.5%S futures contract on Friday 18 October. 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. Argus assesses the Zhoushan bunker index based on reported spot trades on a volume-weighted average basis, as well as at Shanghai port. This contract provides a tool for market participants to hedge price risks associated with marine fuel. 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. It is headquartered in London and has 25 offices in the world’s principal commodity trading and production centres. 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. You can unsubscribe from these updates at any time. Register below and we will customize a solution that meets your exact needs. Traded volumes totalled 1,200t by 6pm today. The Asia-Pacific Exchange (Apex) Argus Bunker Index (ABI) futures contract attracted 120 trades on its first day of activity in Singapore today. 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. Don’t waste time having to ask questions such as: What's the premium? The Argus Marine Fuels service is the most comprehensive source of daily marine fuel prices and spot deals, covering the world’s most important bunker locations. The contract complies with tighter sulphur specifications being introduced by the International Maritime Organisation in 2020. It will be published daily in $/t. 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. Argus is an independent media organisation with 1,000 staff. 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. This new contract is the first derivative worldwide to provide a delivered bunker price hedging tool for 0.5% sulphur fuel. 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. If you continue we'll assume that you are happy to receive all cookies on the Argus Media website. 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 new contract provides market participants such as shipowners that have future requirements and suppliers holding fuel inventory with an instrument for hedging. APEX Argus Bunker Index Marine fuels industry and shipping companies face a huge challenge in managing risk associated with the price of this new fuel. 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. This new contract is the first derivative worldwide to provide a delivered bunker price hedging tool for 0.5% sulphur fuel. 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. Price reporting agency Argus Media and the city authorities in Zhoushan, China are to work together on developing pricing for the port's bunkering hub. ’ S global markets since 1979 oils and more for markets worldwide crude pricing... Delivery timing is four to 12 days ahead in 2020 global energy and refined. Offers bespoke consulting services and industry-leading conferences from these updates at any.! Contract on Friday 18 October more than 1,000 staff Index for MGO 0.1 % S futures contract Friday... 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