By Srinivas Chowdary Sunkara // petrobazaar // 2nd August, 2019.
The World Bunker Index consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) changed a little yesterday. In Singapore, Both the 180 cSt and 380 cSt graded fuel oil prices are steady closed at $498.5 and $468.5 respectively while MGO prices are unchanged at $610.5 yesterday. The world crude oil price crashed after Trump surprised the market with fresh tariff tweets on China.
SINGAPORE FUEL OIL BUNKER 380 cSt (ARGUS) FUTURES
Shipandbunker reported that a derivative contract based on the price differential between cargo and delivered bunker for 380 cSt high sulphur fuel oil in Singapore will be available from late August. The contract size of 100 Mts with two contracts set as the minimum to trade. The contract will be settled against Argus' monthly average of delivered 3.5% HSFO price assessments, the price-reporting agency said.
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