The SGX today 18 November has launched a new low-sulphur fuel oil (LSFO) derivative contract, offering the marine industry another tool to hedge their risk associated with the future price of bunkers in Singapore.

SGX Argus LSFO 0.5%S Singapore Bunker Index Futures (code LSFF) is a financial contract that settles on the monthly average of the daily assessments made by Argus, which are based on a volume-weighted average of spot fixed price LSFO bunker deals reported by 7pm each day.

This contract already trades around 1,000 lots/day on APEX (code LFA), providing price transparency and electronic trading, while the SGX contract may better suit commercial traders executing through brokers.

Argus Bunker Index (ABI) Singapore LSFO 0.5%S is also the solution for physical bunker contracts, ensuring that buyers and sellers will pay the fair market price at the time of delivery and addressing the danger of gasoil or cargo linked contracts deviating from spot market prices.

Click here to view our detailed flyer on Argus Bunker Indexes.


Argus Marine Fuels

Argus low-sulphur fuel oil (LSFO) 0.5pc delivered bunker assessment is available in Argus Marine Fuels daily report. 

Key features:
  • Clear, transparent methodology developed with the industry
  • Global high-sulphur IFO380 and IFO180 prices
  • Singapore IFO380 and MGO Volume Weighted Average assessments based on a host of reported daily deals
  • Global MGO prices
  • RMK 500 cst assessments in Rotterdam and Seattle
  • ECA-compliant 0.1pc sulphur bunker prices
  • US Gulf 0.5pc sulphur residual fuel oil barge price: Argus is the first price reporting agency to introduce one
  • New York 0.5pc sulphur residual fuel oil barge and 0.5pc MGO barge prices: Argus is the first price reporting agency to introduce one
  • Singapore LSFO 0.5pc sulphur bunker price: Argus is the first price reporting agency to introduce one
  • LNG vs MGO price comparison in northwest Europe and the US Gulf
  • Residual fuel oil wholesale cargo prices
  • Global market-moving news daily
  • Scrubber database with information on individual vessels
  • Addendum with weekly averages of Argus marine fuels price assessments
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.