Marine fuel oil (0.5% sulfur) east-west spread

Fri, 08 Dec
xxx.xx
Change
+1.18
Quantum code
MFFEWA-BAL

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

Incoterm: SPR

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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