platts marine fuel specifications

Marine fuels 0.5% is a new blend of fuel designed for use worldwide once the global sulfur limit drops to that level in January 2020. CONTRACT SPECIFICATIONS . Fuel oil (also known as heavy oil, marine fuel, bunker, furnace oil, or gasoil) is a fraction obtained from the distillation of petroleum (crude oil). S&P Global Platts Launches new Marine Fuel 0.5% Assessments Like all derivatives, the contract on the CME is a cash-settled contract that needs some sort of benchmark to settle against. This compares with $1.33/b June 24. It posts $/mt prices for three separate ports: S&P Global Platts has discontinued publishing its Bunkerworld 180 Index, effective March 25, 2022. The Floating Price for each contract month is equal to the arithmetic average of the "$/barrel" quotations from the Platts Oilgram Price Report under the heading "Marine Fuel" for "0.5% FOB US Gulf Coast barge" for each business day that it is determined during the contract month. The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations from Platts Gasoil FOB Singapore for each business day that it is determined during the contract month minus the arithmetic average of the mid-point of the high and low quotations from Platts Marine Fuel 0.5 FOB . ISO informed that it has published the 'ISO/PAS 23263:2019 Petroleum products — Fuels (class F) — Considerations for fuel suppliers and users regarding marine fuel quality in view of the implementation of maximum 0,50 % sulphur in 2020'.. Bunker traders were cautious of buying off-spec cargoes, market sources said. . The . 1154101. Singapore Marine Fuel 0.5% premium hits new record high on stockpiling ... Platts Bunker Charges | S&P Global Commodity Insights First European 0.5%S marine fuel paper indication seen in Platts MOC. Bunkerworld Bunker Prices, News, Global Indices, Marine Fuel Quality ... Marine 0.5% FOB Sing (Platts)/380cst Sing (Platts) Contract Symbol MF6 Contract Size 1,000 metric tonnes Unit of Trading Any multiple of 1,000 metric tonnes Currency US Dollars and cents Trading Price Quotation One cent ($0.01) per metric tonne Settlement Price Quotation One tenth of one cent ($0.001) per metric tonne Minimum Price Fluctuation

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