APEX Argus Bunker Index Covers Price Risks Associated With Marine Fuel

The Asia Pacific Exchange (APEX) launched the APEX Argus Bunker Index Singapore LSFO 0.5%S futures contract on Friday 18 October, reports a news release on PR Newswire.

This contract provides a tool for market participants to hedge price risks associated with marine fuel.

The contract complies with tighter sulphur specifications being introduced by the International Maritime Organisation in 2020. 

A total of 120 lots traded on the opening day of the December, January and...

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