Singapore ex-wharf HSFO bunker premium sinks further to four-month low ahead of IMO 2020, Market Movers Asia: China, India to lead post-COVID demand recovery in 2021, REFINERY NEWS ROUNDUP: Fujairah to get fourth refinery in 2021, Commodity Tracker: 5 charts to watch in 2021. The outright price of Singapore 380 CST ex-wharf bunker fuel fell to its lowest level in 67 months, at $348.50/mt Friday, according to Platts data. New and Discontinued Price Symbol Alerts are issued when we launch new assessments and announce discontinued assessments. The downtrend in the ex-wharf premium mirrors the trend in the high sulfur 380 CST fuel cash differential, which has weakened since early November. Access latest metal news and analysis, conferences and events. WeWork, 199 Bishopsgate, London, EC2M 3TY or Rambla Josep Tarradellas 1, Bajos D2, Castelldefels 08860 +44 (0) 203 874 7740. team(at)bunker-ex.com S&P Global Platts to Launch Marine Fuel 0.5% Bunker Price Assessments Beginning July ... price assessments for IMO-compliant Marine Fuel 0.5% bunkers on delivered and ex-wharf … The Singapore delivered versus ex-wharf 380 CST bunker fuel spread averaged $29/mt in November so far, almost doubling compared to an average of $16/mt seen in October, Platts data showed. in International Shipping News Today, the outright price of Singapore 380 CST ex-wharf bunker fuel fell to $348.50/tonne, according to Platts reports. The spread between Singapore delivered and ex-wharf 380 CST bunker fuel prices has narrowed further this week due to lackluster demand in the delivered market, trade sources said. We specialize in fuel oil and petrochemical products, and have the capability to transact diesel/kerosene swaps and physical ex-wharf bunker fuel. Access latest oil news and analysis, conferences and events. 21/02/2019. The Argus LSFO 0.5pc sulphur prices for the ex-wharf and delivered bunker markets are the first assessments to be launched in the Fujairah market for the quality of fuel needed to comply with the International Maritime Organisation’s (IMO) new sulphur limits for marine fuel. Compared to last month, spot ex-wharf bunker fuel premiums were lower as 380 CST HSFO cash differentials have come off. In Japan, fuel oil consumption in August increased to … Singapore — Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts Delivered marine fuel 0.5% prices in Shanghai, which were $55/mt higher than in Singapore at the start of 2019’s last quarter, had crunched to $5/mt on December 31. That tightness has eased for the moment, market sources said. if the 5th attempt fails, the account will be locked for 30 minutes, Please use only English characters (A-Z, a-z), You already have an account, Please log in or reset password. Notes: * = Ex-wharf business only Download the Shell IMO 2020 Brochure for information on the reduction of marine fuel sulphur in 2020 and how Shell's LNG marine fuel can help ship owners and operators meet emissions regulations If you have any questions or concerns please contact support@platts.com or click here, Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center. The bunker differential shows the difference between ex-wharf bunker and 380-cst cargo outright prices. The Argus LSFO 0.5pc sulphur prices for the ex-wharf and delivered bunker markets are the first assessments to be launched in the Fujairah market for the quality of fuel … "The market is flooded with oil and everyone is desperate to sell quickly, so you have a price … -- Atsuko Kawasaki, atsuko.kawasaki@spglobal.com, -- Edited by Debiprasad Nayak, debiprasad.nayak@spglobal.com. Access latest gas news and analysis, conferences and events. Singapore ex-wharf 500 CST bunker fuel term contracts for the fourth quarter have been concluded at a premium of around $2-3/mt to the Mean of Platts Singapore 380 CST high sulfur fuel oil assessments, trade sources said late last week. It’s better for our costing as well,” said a second bunker trader. Marine Fuel 0.5% bunker Ex-Wharf Singapore MFSPE00 MFSPE03 Ex-Wharf Singapore 3-15 days 1,000 6,000 US$ Metric Tons 6.35 Marine Fuel 0.5% bunker Ex-Wharf Fujairah MFFJE00 MFFJE03 Ex-Wharf UAE 5-15 days 2,000 7,000 US$ Metric Tons 6.35 The downtrend in the ex-wharf premium mirrors the trend in the high sulfur 380 CST fuel cash differential, which has weakened since early November. The ex-wharf spot price of MGO in New York fell $20 to $420/mt, its lowest point since being assessed at $416/mt on September 1, 2016, according to Platts data. Standard Size All RIM Asia bunker fuel oil prices are for a 500-2,000mt portion, lots that RIM considers standard. Access latest coal news and analysis, conferences and events. The Los Angeles price assessment is for ex-wharf deliveries ranging between 500 to 3,000 metric tonnes (mt). Ho expects market prices to be volatile moving forward to June. Argus has launched low-sulphur fuel oil (LSFO) price assessments for the ex-wharf and delivered bunker markets in Fujairah. Singapore is likely to receive more than 4 million mt of fuel oil from Europe and the Americas in March, traders said, up from 3.5 million-4 million mt expected in February. The spread between Singapore delivered and ex-wharf 380 CST bunker fuel prices has narrowed further this week due to lackluster demand in the delivered market, trade sources said. The wholesale Atlantic Coast price for 3%S fuel oil fell to $25.39/b, down $12.02/b ($76.93/mt) to provide direction for IFO 380 segments up and down the East Coast. By continuing to use this site, you agree to our use of cookies. Access latest agriculture news and analysis, conferences and events. The cash differential was assessed at $30.38/mt on November 1 but dropped to $2.26/mt at Thursday's close, Platts data showed. The Holiday Schedule Alert is sent on Friday and provides information on the world's regional and national holidays impacting the publishing of our assessments, market reports and news wires over the week ahead. Please contact the Client Services team. “Some sellers are clearing cargoes to make way for March arrivals,” a bunker trader said. An email confirming your password has been sent. (iii) Provide a free side to receive the Marine Fuel and render all necessary assistance which may reasonably be required to moor or unmoor the Vessel, as applicable. “It is awfully quiet today,” a delivered bunker fuel supplier said late Tuesday, adding that some sellers were lowering offers to close to ex-wharf levels. The spread narrowed a further 25 cents/mt day on day to $3.75/mt at the Asian close Tuesday, Platts data showed. Our prices are always firm and move every millisecond with the oil markets. It’s free and easy to do. In the mean time, Singapore’s bunker price spreading to North Asian ports have also narrowed significantly in recent weeks, though prices in both regions climbed in December. Negotiations for the term supply of Singapore ex-wharf marine fuel 0.5%S bunker for July were largely inconclusive so far, as the market was still awaiting cues on near-term price direction amid a wide bid-offer spread, market sources said June 9. Marine fuel 0.5%S in Balboa, Panama, increased to a monthly average of $344/mt on an ex-wharf basis in November, rising $19, or 6%, from October. The Singapore ex-wharf premium for 380 CST high sulfur bunker fuel extended its downtrend to a four-month low at Asian close Thursday, S&P Global Platts data showed. Access latest shipping news and analysis, conferences and events. ... Vancouver BC Ex-Wharf 180cst 280cst 380cst MGO LS380cst Seattle/Tacoma Ex-Wharf … exception of the ex-wharf prices for Singapore, the other assessments for these regions all are done on a delivered basis. “The Singapore bunker market will face price competition with regional ports (i.e. On Jan. 2, 2020, the day IMO 2020 regulations went into force, Houston VLSFO was assessed at $642.50/mtw. The Argus LSFO 0.5pc sulphur prices for the ex-wharf and delivered bunker markets are the first assessments to be launched in the Fujairah market for the quality of fuel … Subscriber Notes can be received by Commodity Region, and Note Type. 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"Nowadays ex-wharf and delivered prices can be worlds apart, even at a 30-dollars difference," another bunker trader based in Singapore said. The ex-wharf 380 CST bunker premium to the Mean of Platts Singapore 380 CST high sulfur fuel oil assessment fell to $15.08/mt at Thursday's Asian close, it was last lower at $11.84/mt on July 4, Platts data showed. [Yes] I would like to receive S&P Global Platts promotional emails. Source: Platts, Singapore delivered/ex-wharf 380 CST bunker spread narrows on weak demand, Online Daily Newspaper on Hellenic and International Shipping, This site uses cookies to enhance your user experience. Ex-wharf bunker fuel at Houston averaged $362.73/mt for the 15-day period ended Tuesday, $8.1/mt higher than the previous 15-day period. In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the “$/mt” quotations appearing in the “Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Marine Fuel” for “0.5% FOB Singapore cargo” for each business day (as specified below) in the determination period Argus has launched low-sulphur fuel oil and petrochemical products, and Note Type facilities can not accommodate requests... Spread narrowed a further 25 cents/mt day on day to $ 3.75/mt at the close. Your account is active 362.73/mt for the ex-wharf and delivered bunker fuel at least 5/mt., conferences and events an assessment of the market between 6-6:30 p.m. in International Shipping news.. Proud to present the Middle East bunker fuel Note Type and analysis, conferences events! Lower at $ 340/mt metric tonnes ( mt ) cents/mt day on day to $ 3.75/mt at Bullen... December due to ample supplies and weaker demand it works, access screen. 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