]: Subscribe for a year or order a 1-month trial. 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. 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. In total, 8.8 million tonnes of VLSFO were sold, a jump of 83% from the fourth quarter of 2019. Singapore high sulfur and Marine 0.5% sulfur fuel oil price spread widened to fresh highs ahead of IMO 2020. However, through December low-sulphur fuels started to increase significantly in price. 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. 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 data is available from 1 Jan 2003 except for Vesting Contract Reference Prices, since vesting contracts only took effect from 1 Jan 2004. Price data is available from 1 Jan 2003 except for Vesting Contract Reference Prices, since vesting contracts only took effect from 1 Jan 2004. Singapore 440.00 10.50 Rotterdam 432.50 12.00 Houston 460.00 0.50 Fujairah 483.00 6.00 … The US imported 53.98 million barrels of HSFO from November 2019 through June 2020, Kpler data showed. Create a CMEGroup.com Account: More features, more insights. 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. The USGC HSFO (Platts) Average Price Option is a premium-paid-upfront option. Understand how CME Group can help you navigate new initial margin regulatory and reporting requirements. Another order, and another step forward for rotor sails' acceptance as a serious option for shipowners. Kaohsiung Taiwanese state-owned CPC Corp on Monday lowered the price of Marine Fuel 0.5%, IFO380 and MGO by $5. Hear from active traders about their experience adding CME Group futures and options on futures to their portfolio. HSFO sales in Singapore topped 1mn t in October and is an increase of 130,000t from September. Discover how you can access our oil prices, news & analysis Disclaimer  |  Privacy Policy  |  Cookie Policy  |  Terms of Use  |  Data Terms of Use  |  Modern Slavery Act Transparency Statement  |  Report a Security Concern. Index: IFO 380: VLSFO 0.5: MGO 0.1: World [? And have released the latest version of their Top 10 Bunker Companies report updated for 2021. This was the first contango market since Oct. 12, when the front-month time spread was assessed at … 1: Rotterdam/Antwerp: $ 300: $ 375 Port HSFO-380 VLSFO 0.5% ULSFO 0.1% MGO Deliv. Oil price information Last update: 2020-12-21 Nr. File Image / Pixabay. 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 FUEL OIL 180 CST (PLATTS) FUTURES, Modern Slavery Act Transparency Statement. Singapore — The spread between delivered marine fuel 0.5% and delivered 380 CST high sulfur bunker fuel in Singapore has widened to a new record high of $420/mt, with less than one week to go before IMO 2020 begins, S&P Global Platts data showed. Gasoline Prices in Singapore increased to 1.46 USD/Liter in November from 1.43 USD/Liter in October of 2020. Singapore's 'safe corridor' system for crew change under Covid-19 conditions has proved attractive to ship operators. In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the mean of the high and low quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore" for "HSFO 180 CST ($/mt)" for each business day (as specified below) in the determination period. U-Ming will supply four dual-fuel 190,000 DWT bulk carriers over a ten-year contract. 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. The discount of high-sulphur fuel oil (HSFO) to very low-sulphur fuel oil (VLSFO) bunkers in Singapore has moved to the narrowest level on record over the past week because of tight HSFO cargo supplies and weak demand for VLSFO. "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. ]: Subscribe for a year or order a 1-month trial. Singapore’s Electricity Futures Market was launched in 2015 by the Energy Market Authority, in partnership with Singapore Exchange (SGX). 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