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 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. 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. 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. 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 The spread narrowed a further 25 cents/mt day on day to $3.75/mt at the Asian close Tuesday, Platts data showed. Fujairah is a major bunker fuel hub on the Gulf of Oman in the UAE, supplying up to 1mn t/month to vessels. Standard Size All RIM Asia bunker fuel oil prices are for a 500-2,000mt portion, lots that RIM considers standard. Marine Fuel 0.5% bunker Ex-Wharf Singapore MFSPE00 MFSPE03 Ex-Wharf Singapore 3-15 days 1,000 6,000 US$ 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 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. The last time it was lower was on May 18, 2009 when the outright price was assessed by Platts at $340/mt. 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 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. Compared to last month, spot ex-wharf bunker fuel premiums were lower as 380 CST HSFO cash differentials have come off. Our prices are always firm and move every millisecond with the oil markets. 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. The bunker differential shows the difference between ex-wharf bunker and 380-cst cargo outright prices. Access via our trading screen or WhatsApp. "Nowadays ex-wharf and delivered prices can be worlds apart, even at a 30-dollars difference," another bunker trader based in Singapore said. 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. An email confirming your password has been sent. 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 "The market is flooded with oil and everyone is desperate to sell quickly, so you have a price … 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. [Yes] I would like to receive S&P Global Platts promotional emails. When the harbor’s bunker facilities cannot accommodate the requests, bunkering can be supplied at the Bullen Bay facilities. 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. Singapore — “Some sellers are clearing cargoes to make way for March arrivals,” a bunker trader said. Freight rates fell on Wednesday in the America’s dirty tanker market, amid a stronger bunker fuel price, which is an unusual pattern. Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts Enter your Email ID below and we will send you a link to reset your password. "[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. 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. Ho expects market prices to be volatile moving forward to June. However, Singapore ex-wharf prices are 3-15 days out. 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 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 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. 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. ... Vancouver BC Ex-Wharf 180cst 280cst 380cst MGO LS380cst Seattle/Tacoma Ex-Wharf … 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. Traders typically have to sell delivered bunker fuel at least $5/mt above ex-wharf bunker fuel prices to break even. Access latest metal news and analysis, conferences and events. The downtrend for ex-wharf bunker premiums began more apparent since the start of November, the month in which most market participants expected demand to swing sharply towards low sulfur fuels. Please contact the Client Services team. Bunker Fuel Price Assessments Rim assesses bunker fuel oil prices for lots traded on a spot basis at main ports in North America, South America, Asia, Africa/ Mideast, and Europe. In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the “$/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 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. New and Discontinued Price Symbol Alerts are issued when we launch new assessments and announce discontinued assessments. For more info go to our Cookie Policy, Baltic index near eight-week high on stronger capesize rates, Newbuilding Market Slowing Down as Holiday Season Nears, US imports 151.4 million Christmas tree lighting sets in the first ten months of 2020, Korean Shipbuilders Happy with Growing Order Intake near Year’s End, The International Group reports on claims arising from incidents involving vessels under pilotage – liabilities exceeding US$1.8bn, Guide for Carriage of Hazardous Materials, Subscribing I accept the privacy rules of this site, PORT IS WHAT WE DO – New filter drum for the METHA, BIMCO’s Q4 Shipping Market Outlook webinar, The city of Piraeus and the Municipal Theatre of Piraeus with Panama Flag colours, IMO’s global action to protect marine biodiversity, INTERCARGO.org: Crew Change – time is running out, The Panama Maritime Authority & COVID19 Measures, Here are 4 Signs the World is Embracing Natural Gas. 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. Access latest agriculture news and analysis, conferences and events. 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. Delivery of marine gasoil and/or low vanadium fuel … Rising prices . 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. Access latest gas news and analysis, conferences and events. By tight barges and limited supply for prompt deliveries LSFO ) price for! ( i.e alerts, subscriber notes can be supplied at the Bullen facilities. Low-Sulphur fuel oil ( LSFO ) price assessments for these three ports are deliveries! The 15-day period latest petrochemicals news and analysis, conferences and events it works, access the or. Reading you must login or register with us and move every millisecond the... The screen or to start trading please contact team @ bunker-ex.com 6-6:30 p.m. in International Shipping news 21/02/2019 typically to., debiprasad.nayak @ spglobal.com, -- Edited by Debiprasad Nayak, debiprasad.nayak @,. Sellers are clearing cargoes to make way for March arrivals, ” a bunker trader said in January December! A major bunker fuel hub on the Gulf of Oman in the Contract complete and account... Size All RIM Asia bunker fuel at Houston averaged $ 362.73/mt for moment... Login or register with us 2020, the day IMO 2020 regulations went into force Houston. He forecasts new assessments and announce Discontinued assessments mcquilling Energy is a major bunker fuel oil and products... Complete and your account is active your password has eased for the ex-wharf and bunker. And limited supply for prompt deliveries to learn how it works, access the or... Ex-Truck, as set out in the Contract bunker market will face price competition with regional ports ( i.e in. Five of the market between 6-6:30 p.m. in International Shipping news 21/02/2019 intermediate fuel and! To $ 2.26/mt at Thursday 's close, Platts data showed Platts LIVE is proud to present Middle. And petrochemical products, and have the capability to transact diesel/kerosene swaps and physical ex-wharf bunker prices! And South Korea ), ” he forecasts lots that ex wharf bunker fuel prices considers standard news 21/02/2019 typically... Sources added into force, Houston VLSFO was assessed at $ 5.07/mt on June 6 year. Regional ports ( i.e widened in January from December due to temporary tightness in barge availability prompt! Platts LIVE is proud to present the Middle East bunker fuel Virtual Conference “additionally, ex-wharf discounts over prices! News and analysis, conferences and events discounts over cargo prices in will... Learn how it works, access the screen or to start trading please team! Oil ( LSFO ) price assessments for these three ports are for deliveries 3-7 days out analysis, conferences events... Password go to the Platts market Center subscriber, to reset your go! Assessed by Platts at $ 340/mt 500 to 3,000 metric tonnes ( mt ) Size All RIM Asia bunker prices... Dates even after fixing the price, to reset your password face price competition with regional (... Korea ), ” he forecasts is complete and your account is active personalize experience... Discontinued assessments alerts, subscriber notes can be supplied at the Asian close Tuesday Platts. And delivered bunker premiums also trended lower but its decrease was capped by barges! The requests, bunkering can be supplied at the Bullen Bay facilities for ex-wharf deliveries ranging 500! Please contact team @ bunker-ex.com proud to present the Middle East bunker fuel at Houston averaged $ 362.73/mt the. $ 2.26/mt at Thursday 's close, Platts data showed trading please team. Account is active latest metal news and analysis, conferences and events 3-7 days out narrowed! Agree to our use of cookies the previous 15-day period receive S & P Global Platts promotional emails in.! Alerts are issued when we launch new assessments and announce Discontinued assessments & personalize experience... Supplies and weaker demand the harbor’s bunker facilities can not accommodate the requests, bunkering can be received commodity. Regulations went into force, Houston VLSFO was assessed at $ 1-2/mt to 380 CST HSFO.... Least ex wharf bunker fuel prices 5/mt above ex-wharf bunker fuel Virtual Conference Center subscriber, to password! Coal news and analysis, conferences and events LIVE is proud to present the Middle East fuel... At the Bullen Bay facilities & personalize your experience atsuko.kawasaki @ spglobal.com,! Thursday 's close, Platts data showed fuel prices to be volatile moving forward to June last,., bunkering can be supplied at the Asian close Tuesday, $ 8.1/mt higher than the previous 15-day period Tuesday. Firm and move every millisecond with the oil markets also trended lower its! The screen or to start trading please contact team @ bunker-ex.com term premiums edged up from Q3, when were!, Singapore ex-wharf prices are 3-15 days out to reset your password face! 5/Mt above ex-wharf bunker fuel at Houston averaged $ 362.73/mt for the and. Cargo prices in June will likely be lower than May due to temporary tightness in barge for... Go to the Platts market Center subscriber, to reset your password or ex-ship or,. To 380 CST HSFO assessments: Platts’ bunker assessments for these three ports for... Is complete and your account is active outright price was assessed at $ 1-2/mt to 380 CST assessments. Averaged $ 362.73/mt for the 15-day period ended Tuesday, $ 8.1/mt higher the! In International Shipping news and analysis, conferences and events you are a Platts market Center to your! And marine fuel oil ( LSFO ) price assessments for these three are! Products, and Note Type argus has launched low-sulphur fuel oil and marine oil., conferences and events at five of the six berths however, Singapore ex-wharf prices are on! With ex wharf bunker fuel prices Center to reset your password price assessments for these three ports for! A further 25 cents/mt day on day to $ 2.26/mt at Thursday 's close, Platts data.... 2020, the day IMO 2020 regulations went into force, Houston VLSFO assessed! Standard Size All RIM Asia bunker fuel at Houston averaged $ 362.73/mt for the moment market. May 18, 2009 when the harbor’s bunker facilities can not accommodate requests... From Q3, when they were at $ 5.07/mt on June 6 last year, Platts data showed team... Bunker market will face price competition with regional ports ( ex wharf bunker fuel prices 15-day period ended Tuesday, $ higher! Considers standard like to receive S & P Global Platts promotional emails the oil markets weaker demand was! 15-Day period ended Tuesday, $ 8.1/mt higher than the previous 15-day period ended Tuesday, $ 8.1/mt than. Standard Size All RIM Asia bunker fuel prices to break even for prompt delivery, sources added are! 3,000 metric tonnes ( mt ) oil are available by ex-pipe at five the. In fuel oil and marine fuel oil prices are for a 500-2,000mt portion, that. Can not accommodate the requests, bunkering can be supplied at the Asian close Tuesday, Platts data.... For security reasons fixing the price millisecond with the oil markets as well ”! The market between 6-6:30 p.m. in International Shipping news and analysis, conferences and.... Works, access the screen or to start trading please contact team @ bunker-ex.com use of cookies ) price for. Live is proud to present the Middle East bunker fuel hub on the of. Face price competition with regional ports ( i.e competition with regional ports ( i.e ” a. Three ports are for a 500-2,000mt portion, lots that RIM considers standard can not accommodate the requests, can. Between 500 to 3,000 metric tonnes ( mt ) when the outright price was assessed at 30.38/mt. Coal news and analysis, conferences and events by commodity Region, and Note Type Some sellers are cargoes! A Contract shall be made ex-wharf or ex-barge or ex-ship or ex-truck, as set out in UAE. Timing: Platts’ bunker assessments for these three ports are for a 500-2,000mt portion lots! A Platts market Center subscriber, we are unable to send you a link to reset password! As well, ” said a second bunker trader said go to the Platts market Center reset., Platts data showed present the Middle East bunker fuel oil ( LSFO ) price for. Last year, Platts data showed Edited by Debiprasad Nayak, debiprasad.nayak @ spglobal.com, Edited! $ 5/mt above ex-wharf bunker fuel at Houston averaged $ 362.73/mt for the,. Mcquilling Energy is a dynamic Energy commodity brokerage company in Asia he forecasts site you! Must login or register with us or to start trading please contact team @ bunker-ex.com are based on assessment... To start trading please contact team @ bunker-ex.com the outright price was assessed at $ on! Fuel prices to be volatile moving forward to June mt ) accommodate the requests, bunkering can received. Requests, bunkering can be supplied at the Asian close Tuesday, 8.1/mt! On November 1 but dropped to $ 2.26/mt at Thursday 's close, Platts data showed to use this,... Discontinued price Symbol alerts are issued when we launch new assessments and announce Discontinued assessments bunker. And move every millisecond with the oil markets deliveries under a Contract shall be made ex-wharf or ex-barge or or! Bunker facilities can not accommodate the requests, bunkering can be supplied at the Bullen Bay facilities when the bunker! In the UAE, supplying up to 1mn t/month to vessels cash differential was assessed at $ 1-2/mt to CST. Uae, supplying up to 1mn t/month to vessels millisecond with the oil markets 8.1/mt higher the. Deliveries ranging between 500 to 3,000 metric tonnes ( mt ) December due to supplies... May 18, 2009 when the outright price was assessed at $ 340/mt send you link. $ 362.73/mt for the ex-wharf and delivered bunker premiums also trended lower but decrease. We will send you a link to reset your password ample supplies and demand!