Marine fuel oil (0.5% sulfur) east-west spread
This swap-spread reflects the value of marine fuel oil FOB Singapore swaps minus the value of marine fuel oil FOB ARA barge swaps at the Singapore cash market close, normally 1630 Singapore time. It is a key indicator of arbitrage opportunities, typically from Europe to Asia and is used by exporters in the Middle East and Europe. 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: Marine fuel oil meeting max 5,000 ppm sulfur content
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