World’s first listed delivered bunker fuel derivatives contract is now available for clearing on the CME.

Singapore Fuel Oil Bunker 380cst (Argus) Futures with contract code ABF will settle on the monthly average of Argus high-sulphur fuel oil (HSFO) 3.5pc delivered bunker assessments.

Bunker premiums in Singapore have become increasingly volatile and are expected to remain so because of the IMO2020 implementation of a global cap on sulphur in marine fuels. This new derivative product can help manage the risk of disconnection between cargo and delivered bunker markets.

Argus bunker assessments reflect the cost of marine fuel delivered to vessels in line with the needs of the maritime industry. For Singapore these are based on a volume-weighted average of reported deals up to 7pm. A total of 2,395 deals were reported by market participants into the Singapore assessment process during the first half of 2019, an average of 20 each day.

This assessment reflects the price paid for HSFO stems between 500t and 3,000t delivered to ship 4-12 days from the trade date.

For further details of the derivatives contract please refer to the CME announcement here.

Argus Marine Fuels

Argus high-sulphur fuel oil (HSFO) 3.5pc delivered bunker assessment is available in Argus Marine Fuels daily report. 

To request for a sample report or to find out more information, simply complete the form on your right and our representative will contact you shortly. 

You can also learn more about Argus Bunker Indexes available in the Argus Marine Fuels report through this 
detailed FAQ document. Click here to view.