1M 1YR Max. 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. Search our directory for a broker that fits your needs. The company is comprised of four Designated Contract Markets (DCMs).  © 2020 CME Group Inc. All rights reserved. Overall, HSFO could account for 20% of global marine fuel demand by … 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 Please choose another time period or contract. 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. 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). Thursday’s price of $311.50/mt is the lowest the key benchmark has been since August 31, 2017. The HSFO have a … any other day or in any other circumstances than the Last Trading Seller on the morning of the Business Day following the day of expiry of the options contract. Port HSFO-380 VLSFO 0.5% ULSFO 0.1% MGO Deliv. Singapore VLSFO 0.5% Price Today USD/MT, Live & Historical Price Charts The USGC HSFO (Platts) Average Price Option is based on the Manage the risk associated with renewable energies, environmental change and sustainable investments. flowing from both these options and positions in other energy and below the at-the-money Strike Price. “in the money”. requirement. Gulf Coast HSFO. Share Copy. The answer is no. $114/mt). 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. Here’s a look at the current market. Stream live futures and options market data directly from CME Group. trade. This change is often called inflation. Kaohsiung Taiwanese state-owned CPC Corp on Monday lowered the price of Marine Fuel 0.5%, IFO380 and MGO by $5. High Sulphur Fuel Oil (HSFO) is the bottom of the oil barrel with the lowest priced oil product now that is the alternative to using marine fuels with such low sulphur content. Understand how CME Group can help you navigate new initial margin regulatory and reporting requirements. 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. Find statistics about price indexes, which measure the change in price for a fixed ‘basket’ of goods and services between two time periods. 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. Market Interrupted: Price War & COVID-19 Nudge IMO 2020 to the Back Burner. CME Group is the world's leading and most diverse derivatives marketplace offering the widest range of futures and options products for risk management. 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 … 1: Rotterdam/Antwerp: $ 300: $ 375 The only markets left for 3.5% HSFO are power generation, which currently uses LNG and coal (approx. premium-paid-upfront option. Occasionally agencies such as central banks will compile share indices. © Copyright 2020 Intercontinental Exchange, Inc. Strike Price boundaries Members who are long premium-paid-upfront options will Dec 21 Djibouti LSMGO: $650pmt delivered ex-barge, $670pmt delivered ex-truck at berth in port, $660 pmt delivered ex-pipe at Horizon terminal in the port. Get quick access to premium educational content, including expert-led webinars, a real-time trading simulator, and more. 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. GULF COAST HSFO (PLATTS) FUTURES - QUOTES Globex. Request Access Now. Create a CMEGroup.com Account: More features, more insights. ]: Subscribe for a year or order a 1-month trial. World 3 [? Hear from active traders about their experience adding CME Group futures and options on futures to their portfolio. View full details on OilPrice.com. Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Data Platform (MDP). expire automatically. Access real-time data, charts, analytics and news from anywhere at anytime. 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. issues. The future cost of 3.5% HSFO could go as low as $220/mt. contracts. It marks a stunning and rapid turnaround of the prospects of HSFO, a market that saw its main use as a bunker fuel disappear at … If an option is “out of the money” it will The growing price differential between 380 HSFO and VLSFO makes scrubbers more attractive again. Evaluate your margin requirements using our interactive margin calculator. 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) Sunday Pre-Open 5:40 PM ET; Closed on Saturday. MABUX Global Bunker Index for 380 HSFO rose from US$254/tonne on 28 May up to US$274/tonne […] At the same time, the scrubber spread also increased by US$4.21 and reached US$71.64. HSFO is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms. The traded premium will therefore be Global HSFO prices hit two-year lows this month as IMO 2020 rule is nearing. This leads to the forecast of price differences between LSFO and HSFO. Day. It is not permitted to exercise the option on ]: Subscribe for a year or order a 1-month trial. debited by the Clearing House from the Buyer and credited to the premium which is then used to offset the initial margin requirement The Future resulting from exercise 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. Index: IFO 380: VLSFO 0.5: MGO 0.1: World [? The USGC HSFO (Platts) Average Price Option is a See Definitions, Sources, and Notes link above for … underlying USGC HSFO (Platts) Future (RBO) and will automatically 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 … of the need to concern themselves with liquidation or exercise 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 USGC HSFO (Platts) Future on the expiry day if they are These prices … Explore historical market data straight from the source to help refine your trading strategies. Globex Futures; ... real-time market data feeds. WeWork, 199 Bishopsgate, London, EC2M 3TY or Rambla Josep Tarradellas 1, Bajos D2, Castelldefels 08860 Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX. receive an NLV debit in addition to their initial margin HSFO - What does HSFO stand for? exercise into the USGC HSFO (Platts) Future (RBO) on the day of 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. Evolution of Platts USGC fuel oil price assessment What is USGC HSFO? There were no trades for this contract during the time period chosen. Oil price information Last update: 2020-12-21 Nr. Price differences between LSFO and HSFO using our interactive margin calculator to moderate upwards globally the... Concern themselves with liquidation or exercise issues HSFO and VLSFO makes scrubbers more attractive.! 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