Argus Bunker Index

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.

Strict sulphur regulations

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...

http://mfame.guru/apex-argus-bunker-index-covers-price-risks-associated-with-marine-fuel/

APEX To Use Argus Bunker Index To Manage LSFO Price Risk

According to an article published in PR Newswire, the global commodity price reporting and news agency Argus and the Asia Pacific Exchange (APEX) has recently signed an agreement licensing the use of the Argus Bunker Index (ABI) Singapore LSFO 0.5% as the settlement price for a proposed new derivatives contract.

Managing Price Risk

The contract can be used by oil traders, bunker fuel suppliers and shipowners to manage their price risks related to the new low-sulphur fuel oil (LSFO) required to...

http://mfame.guru/apex-to-use-argus-bunker-index-to-manage-lsfo-price-risk/