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. Platts LIVE is proud to present the Middle East Bunker Fuel Virtual Conference. 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 in the middle of the transition [to IMO 2020]...I think 20% of the demand has shifted to low sulfur fuel in October, and 80% would have changed in December," said a fuel oil trader based in Singapore. 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 We understand the need for flexibility: clients can change port, quantity or dates even after fixing the price. The Los Angeles price assessment is for ex-wharf deliveries ranging between 500 to 3,000 metric tonnes (mt). Price Unit All RIM Asia bunker fuel oil prices are in $/mt Time Window All RIM Asia bunker fuel oil prices are for lots to be delivered to ships during the period from 5 to 10 days ahead from the publication day. Access via our trading screen or WhatsApp. Fujairah is a major bunker fuel hub on the Gulf of Oman in the UAE, supplying up to 1mn t/month to vessels. Today, the outright price of Singapore 380 CST ex-wharf bunker fuel fell to $348.50/tonne, according to Platts reports. Poor buying interest has exerted downward pressure on delivered 380 CST bunker fuel premiums in recent days, and competitive offers were emerging in an effort to encourage uptake, market sources said. Platts Commodities Bulletin is a daily regional round-up of the top, most recent news, in-depth features, information on our events, and a summary of what's new on platts.com. 2.4 “Ex-Wharf basis ” means delivery on “ex-wharf” or “ex-terminal” basis. 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. Subscriber Notes can be received by Commodity Region, and Note Type. New and Discontinued Price Symbol Alerts are issued when we launch new assessments and announce discontinued assessments. The spread had earlier widened in January from December due to temporary tightness in barge availability for prompt deliveries. Rising prices . Houston very-low-sulfur bunker fuel lost $155.50/mt, or 24.2%, during January as it was assessed at $487 per metric ton ex-wharf Friday, Jan 31, OPIS data shows. Receive daily email alerts, subscriber notes & personalize your experience. 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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. "The market is flooded with oil and everyone is desperate to sell quickly, so you have a price … Standard Size All RIM Asia bunker fuel oil prices are for a 500-2,000mt portion, lots that RIM considers standard. 21/02/2019. Ho expects market prices to be volatile moving forward to June. "There is no more demand for 380 CST [HSFO bunkers] on the ex-wharf side, mainly because most delivered bunker demand is now shifting to lower sulfur fuel," a Singapore-based fuel oil and bunkering source said. ... Vancouver BC Ex-Wharf 180cst 280cst 380cst MGO LS380cst Seattle/Tacoma Ex-Wharf … Date Price $/mt Change High Low Spread; F Dec 18: 388.00 +0.50: 426.00: 377.50: 48.50: T Dec 17: 387.50 +6.50 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 Bunker Fuel Price Assessments Rim assesses bunker fuel oil prices for lots traded on a spot basis at main ports in North America, South America, Asia, Africa/ Mideast, and Europe. To learn how it works, access the screen or to start trading please contact team@bunker-ex.com. Ex-wharf 380 CST bunker fuel premiums had averaged $7.89/mt to the MOPS 380 CST HSFO assessments in December to date, after averaging $16.09/mt in November, S&P Global Platts data showed. Argus has launched low-sulphur fuel oil (LSFO) price assessments for the ex-wharf and delivered bunker markets in Fujairah. It’s better for our costing as well,” said a second bunker trader. 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. Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts 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. If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. 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. If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. 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. 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. That tightness has eased for the moment, market sources said. In Japan, fuel oil consumption in August increased to … 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. 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. Your registration is complete and your account is active. November marked a period of mostly advances for Latin America bunker spot pricing, with ports in Panama, Brazil and Peru reaching multi-month or even historical highs, especially in the 0.5%S segment. Access latest agriculture news and analysis, conferences and events. 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. Ex-wharf premiums have also softened in recent days amid a weaker fuel oil complex as the market underwent selling pressure amid expectations of heavy cargo arrivals and slow uptake in March. 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. Our prices are always firm and move every millisecond with the oil markets. 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 … Global energy and commodity price reporting agency Argus Media on Monday (27 May) said it has launched an IMO-compliant 0.5% sulphur fuel oil price assessment for bunkering at Los Angeles. As such, a few suppliers are offering ex-wharf term price indications for September-loading 0.5% sulfur marine fuel at a premium of $5.50-$6/mt to the benchmark FOB Singapore Marine Fuel 0.5% cargo assessment. This 3 hour virtual session sets a uniquely focused local agenda inviting industry leaders to share their views on the critical developments impacting the bunker fuel community. Term premiums edged up from Q3, when they were at $1-2/mt to 380 CST HSFO assessments. 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. "Nowadays ex-wharf and delivered prices can be worlds apart, even at a 30-dollars difference," another bunker trader based in Singapore said. The spread narrowed a further 25 cents/mt day on day to $3.75/mt at the Asian close Tuesday, Platts data showed. To continue reading you must login or register with us. Timing: Platts’ bunker assessments for these three ports are for deliveries 3-7 days out. By continuing to use this site, you agree to our use of cookies. Access latest shipping news and analysis, conferences and events. However, Singapore ex-wharf prices are 3-15 days out. The downtrend for ex-wharf bunker premiums began more apparent since the start of November, the month in which most market participants expected demand to swing sharply towards low sulfur fuels. 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. Access latest metal news and analysis, conferences and events. 2.5 “Marine Fuel(s) ” mean the different grades of bunker fuel oil, intermediate bunker fuels, marine fuel oil, thin fuel oil, marine diesel oil, light marine diesel fuel and gas oil or any other type and grade of oil sold Access latest coal news and analysis, conferences and events. 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 … By submitting this form you acknowledge that you have read and you agree to our, You must select at least one interest to continue, You are a premium subscriber, we are unable to send you a link to reset password for security reasons., FEATURE: Lower Permian gas production, higher prices promise shift in 2021 flows, Commodity Prices and Essential Market Data, Americas Petroleum & Energy Virtual Conference. Delivery of marine gasoil and/or low vanadium fuel … On Jan. 2, 2020, the day IMO 2020 regulations went into force, Houston VLSFO was assessed at $642.50/mtw. (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. McQuilling Energy is a dynamic energy commodity brokerage company in Asia. 4.2 All deliveries under a Contract shall be made ex-wharf or ex-barge or ex-ship or ex-truck, as set out in the Contract. The premium was last lower at $5.07/mt on June 6 last year, Platts data showed. 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. Access latest power news and analysis, conferences and events. [Yes] I would like to receive S&P Global Platts promotional emails. An email confirming your password has been sent. 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. Compared to last month, spot ex-wharf bunker fuel premiums were lower as 380 CST HSFO cash differentials have come off. 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. Bunker prices in Singapore are set to fall, with traders reported to be looking for a quick sell after the country's fuel oil inventory hit its highest level in over 15 years, Reuters reports. 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 spread has averaged $5.45/mt in February to date, narrowing from $7.11/mt over January, S&P Global Platts data showed. When the harbor’s bunker facilities cannot accommodate the requests, bunkering can be supplied at the Bullen Bay facilities. 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 bunker differential shows the difference between ex-wharf bunker and 380-cst cargo outright prices. “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. 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. 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. “Some sellers are clearing cargoes to make way for March arrivals,” a bunker trader said. Access latest petrochemicals news and analysis, conferences and events. in International Shipping News 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. exception of the ex-wharf prices for Singapore, the other assessments for these regions all are done on a delivered basis. 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 Latest Prices, VLSFO Fuel Oil, IMO2020 Grade, 0.5%S. We specialize in fuel oil and petrochemical products, and have the capability to transact diesel/kerosene swaps and physical ex-wharf bunker fuel. Port Klang, Hong Kong and South Korea),” he forecasts. Access latest oil news and analysis, conferences and events. Please contact the Client Services team. “Additionally, ex-wharf discounts over cargo prices in June will likely be lower than May due to ample supplies and weaker demand. -- Atsuko Kawasaki, atsuko.kawasaki@spglobal.com, -- Edited by Debiprasad Nayak, debiprasad.nayak@spglobal.com. Please use the button below and we will bring you back here when complete. The wholesale Atlantic Coast price for 3%S fuel oil fell to $25.39/b, down $12.02/b ($76.93/mt) to provide direction for IFO 380 segments up and down the East Coast. Negotiations for the term supply of Singapore ex-wharf marine fuel 0.5%S bunker for July were largely inconclusive so far, as the market was still awaiting cues on near-term price direction amid a wide bid-offer spread, market sources said June 9. Subscriber Notes inform you of upcoming changes related to the markets that we report on, as well as requests for comment on new assessments, and announcements that assessments will be discontinued. Marine Fuel 0.5% bunker Ex-Wharf Singapore MFSPE00 MFSPE03 Ex-Wharf Singapore 3-15 days 1,000 6,000 US$ 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 Delivered bunker fuel premiums over Mean of Platts Singapore 380 CST high sulfur fuel oil assessments hit an eight-month low of $5.56/mt at the Asian close Tuesday. Prices are based on an assessment of the market between 6-6:30 p.m. Access latest gas news and analysis, conferences and events. 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. The last time it was lower was on May 18, 2009 when the outright price was assessed by Platts at $340/mt. Singapore — Marine diesel oil, intermediate fuel oil and marine fuel oil are available by ex-pipe at five of the six berths. This comes at a time when demand shifts rapidly to cleaner fuels away from higher sulfur grades, as the IMO 2020 sulfur mandate looms. Delivered bunker premiums also trended lower but its decrease was capped by tight barges and limited supply for prompt delivery, sources added. “The Singapore bunker market will face price competition with regional ports (i.e. It’s free and easy to do. Enter your Email ID below and we will send you a link to reset your password. 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. Freight rates fell on Wednesday in the America’s dirty tanker market, amid a stronger bunker fuel price, which is an unusual pattern. 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. 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