This spread reflects the value of 10ppm diesel swaps basis FOB Singapore minus low sulfur gasoil futures at the Singapore cash market close, normally 1630 Singapore time. It is a key indicator of arbitrage opportunities, typically from Asia to Europe and is used by exporters in the Middle East and Asia. Swaps are financially-settled against S&P Global Platts' average monthly assessment published on the calendar month in question. The swaps assessments roll monthly on the 1st of each month.
Currency and unit of measure: $/mt
Quantity: 5,000 mt
Time of assessment: 16:30:00 Asia/Singapore
Publishing frequency: Daily
Spec: French/Benelux spec diesel. Max sulfur 10ppm.
Quantum Commodity Intelligence is a premium paid subscription service for professionals in the energy, biofuels, carbon and ammonia markets.
Quantum Energy service subscribers have access to:
- Daily price assessments
- Market news and price commentary
- Fundamental trade data
- Quantum Energy Daily - market report sent to your email
Get in touch with us for subscription information on all Quantum platforms, or help with the service.