expiry of the options contract. receive a Net Liquidating Value (NLV) credit to the value of the are adjusted according to futures price movements. flowing from both these options and positions in other energy Seller on the morning of the Business Day following the day of Members who are short premium-paid-upfront options will The spread is $4,302 on the China-Australia dual indices and $5,374 on the China-Brazil indices. The future cost of 3.5% HSFO could go as low as $220/mt. 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) 1M 1YR Max. Access real-time data, charts, analytics and news from anywhere at anytime. The Future resulting from exercise Occasionally agencies such as central banks will compile share indices. Thursday’s price of $311.50/mt is the lowest the key benchmark has been since August 31, 2017. No manual exercise is permitted. User-defined Data courtesy of S&P Global Platts requirement. any other day or in any other circumstances than the Last Trading contracts. See Definitions, Sources, and Notes link above for … Latest Prices, VLSFO Fuel Oil, IMO2020 Grade, 0.5%S. 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. This leads to the forecast of price differences between LSFO and HSFO. 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 $400 over the last quarter of 2019, Ship & Bunker data showed. Share Copy. There were no trades for this contract during the time period chosen. of the need to concern themselves with liquidation or exercise These prices … This change is often called inflation. Stream live futures and options market data directly from CME Group. Please choose another time period or contract. Overall, HSFO could account for 20% of global marine fuel demand by … Day. settlement price of the option. Global HSFO prices hit two-year lows this month as IMO 2020 rule is nearing. The HSFO have a … Disclaimer  |  Privacy Policy  |  Cookie Policy  |  Terms of Use  |  Data Terms of Use  |  Modern Slavery Act Transparency Statement  |  Report a Security Concern. Oil price information Last update: 2020-12-21 Nr. Modern Slavery Act Transparency Statement. The USGC HSFO (Platts) Average Price Option is a Sunday Pre-Open 5:40 PM ET; Closed on Saturday. Find statistics about price indexes, which measure the change in price for a fixed ‘basket’ of goods and services between two time periods. ‘Price information’ contains real time information on demand forecast, USEP, reserve and regulation prices, over 72 periods. In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the “Mid” quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore ($/barrel)" for "HSFO 180 CST ($/mt)" for each business day (as specified below) in the determination period. 1: Rotterdam/Antwerp: $ 300: $ 375 A minimum of 10 Strike Prices in increments of $0.01 per bbl above Get quick access to premium educational content, including expert-led webinars, a real-time trading simulator, and more. Globex Futures; ... real-time market data feeds. 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. Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX. At the same time, the scrubber spread also increased by US$4.21 and reached US$71.64. 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. The only markets left for 3.5% HSFO are power generation, which currently uses LNG and coal (approx. Request Access Now. The company is comprised of four Designated Contract Markets (DCMs).  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. 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 … But have bunker fuels been forgotten? © 2020 CME Group Inc. All rights reserved. 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. 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. © Copyright 2020 Intercontinental Exchange, Inc. receive an NLV debit in addition to their initial margin If an option is “out of the money” it will Evaluate your margin requirements using our interactive margin calculator. The growing price differential between 380 HSFO and VLSFO makes scrubbers more attractive again. The answer is no. premium which is then used to offset the initial margin requirement 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. NLV is calculated daily with reference to the $114/mt). Additionally, collaboration with HSFO has allowed Arizona to learn how to access over a hundred million federal dollars that otherwise seemed unavailable. Members who are long premium-paid-upfront options will Create a CMEGroup.com Account: More features, more insights. Get quick access to tools and premium content, or customize a portfolio and set alerts to follow the market. premium-paid-upfront option. 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 … 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. Click here. Singapore VLSFO 0.5% Price Today USD/MT, Live & Historical Price Charts exercise into the USGC HSFO (Platts) Future (RBO) on the day of The infrastructure and data to access global markets, Trading, messaging and analytics tools designed with your workflow in mind, Post-trade applications for informed decision making and operational efficiency, Efficiently manage primary trading activity, Education, subscriptions, trading hours, fees and calendars, Increasing efficiency, transparency and access across the trading cycle, Deep liquidity pools across multiple trading protocols, Pricing, analytics & exchange information, Stability and risk management across global markets, Multi-asset clearing across global exchanges, Strategically designed clearing network access, Services for interest rate, equity index, ag and global energy derivatives, Capital-efficient clearing services for European equity derivatives products, Counterparty risk management + post-trade services for Asian derivatives, Supporting ag, FX, metals, equity derivative and digital assets clearing, Clearing for North American natural gas and electricity markets, Vital market information and connectivity for participants around the world, Influence your intraday, real-time decision making, Benchmark & bespoke indices on a common platform, Broad content & delivery solutions to access global markets, Leverage proprietary data from ICE & NYSE, Events, webinars, strategic alliances and business agreements, Identify opportunities, make informed decisions, execute quickly, Manage risk, measure effectiveness, achieve compliance, Technology and integration tools for efficient data management, Go behind the scenes of the most fascinating workplaces, Interviews from business leaders' home offices, Conversation with C-suite executives from Fortune's Most Powerful Women Summit, Go behind the historic façade of the NYSE and inside the global financial marketplace, Business insights from our listed companies, Hear from the C-Suite as they discuss the energy transition, One tenth of one cent ($0.001) per barrel, Options are average priced and will be automatically exercised into Gulf Coast HSFO. Final Settlement. It is not permitted to exercise the option on debited by the Clearing House from the Buyer and credited to the 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. 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. immediately goes to cash settlement relieving market participants WeWork, 199 Bishopsgate, London, EC2M 3TY or Rambla Josep Tarradellas 1, Bajos D2, Castelldefels 08860 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. Strike Prices are allowed in $0.01 increments. underlying USGC HSFO (Platts) Future (RBO) and will automatically Bunker prices have continued to moderate upwards globally during the week. World 3 [? “in the money”. View full details on OilPrice.com. expire automatically. trade. HSFO is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms. Search our directory for a broker that fits your needs. 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. Explore historical market data straight from the source to help refine your trading strategies. ]: Subscribe for a year or order a 1-month trial. CME Group is the world's leading and most diverse derivatives marketplace. ]: Subscribe for a year or order a 1-month trial. Market Interrupted: Price War & COVID-19 Nudge IMO 2020 to the Back Burner. 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 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. Manage the risk associated with renewable energies, environmental change and sustainable investments. Evolution of Platts USGC fuel oil price assessment What is USGC HSFO? Here’s a look at the current market. Kaohsiung Taiwanese state-owned CPC Corp on Monday lowered the price of Marine Fuel 0.5%, IFO380 and MGO by $5. 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). HSFO - What does HSFO stand for? 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. Understand how CME Group can help you navigate new initial margin regulatory and reporting requirements. issues. Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Data Platform (MDP). 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. 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