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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.

WordPress on Azure Fuel Oil 0.5% Rdam Barges Fuel Oil Europe – Commodity CFD

0.5% Rdam Barges Fuel Oil Europe – Commodity CFD

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Name & Trade Code

Contract Name 0.5% Rdam Barges
MT5 Code Barges_0.5
Contract Classification Commodity CFD
Geographical Region Europe

Contract Specification

Sector Energy
Product Group Fuel Oil
Tenor Period Up to 24 consecutive forward Tenor Periods available
Maximum Forward Tenor Up to 24 consecutive forward Tenor Periods available
Contract Size 100
Contract Unit mt
Trading Price Quote $/mt
Price Digits 2
Currency USD
Tick Value 1
Tick Size 0.01
Minimum Volume 1
Volume Steps [Lots] 0.01
Settlement Arithmetic mean of Settlement Prices throughout expiry month
Margins View document

Expiry Trading Overview

Contract Expiry Date The last trading day of the expiring Tenor Period (i.e. 31 March 2025 for Mar 25 Tenor Period)
Last Trading Day (for new open positions) Five working days prior to the Contract Expiry Date for the Tenor Period (i.e. 24 March 2025 for Mar 25 Tenor Period)
Last Trading Day (for closing position in that Tenor Period) The Contract Expiry Date of the relevant Tenor Period

Tenor Period Settlement Valuation Process

Open Volume The net open volume for the expiring Tenor Period
Daily Settlement Value Market-on-Close – The daily settlement assessment time, e.g. 4:30 pm for European contracts
Daily Settlement Volume Each day during Tenor Period, the remaining Open Volume reduces by the equivalent of 1/ (number of pricing days in the Tenor Period, including today if prior to Market-on-Close) and be settled at Daily Settlement Value
Final Settlement Price Arithmetic mean of Settlement Prices throughout expiry month
MOC Haircut None Applies

The Barges 0.5% contract is a commodity CFD (Contract for Difference) in the Fuel Oil group that represents the outright price of Marine Fuel 0.5% FOB Rotterdam Barges.

Contract Purpose

This outright contract allows market participants to:

  • Gain direct exposure to the price of Marine Fuel 0.5% FOB Rotterdam Barges
  • Hedge against price fluctuations in the European marine fuel market
  • Speculate on the future price direction of low-sulphur marine fuel in Rotterdam

Market Significance

  • Benchmark Status: Serves as a key reference for marine fuel pricing in Northwest Europe
  • IMO 2020 Compliance: Essential for managing exposure to IMO 2020 sulphur regulation requirements
  • Regional Indicator: Provides insights into supply and demand dynamics for low-sulphur marine fuel in the Rotterdam market

Trading Benefits

  • Price Discovery: Offers a transparent mechanism for determining the price of Marine Fuel 0.5% FOB Rotterdam Barges
  • Risk Management: Allows hedging against price volatility in the European marine fuel market
  • Market Access: Provides exposure to one of Europe’s key marine fuel benchmarks

This contract is particularly valuable for shipping companies, bunker fuel suppliers, refineries, and commodity traders active in the European marine fuel market. It offers a tool for managing price risks and implementing trading strategies related to low-sulphur marine fuel in Rotterdam.