The Sing 180 contract is a commodity SB (Spread Bet) in the Fuel Oil group that represents the outright price of Fuel Oil 180 CST Singapore.
Contract Purpose
This outright contract allows market participants to:
- Gain direct exposure to the price of Fuel Oil 180 CST Singapore
- Hedge against price fluctuations in the Asian fuel oil market
- Speculate on the future price direction of 180 CST fuel oil in Singapore
Market Significance
- Benchmark Status: Serves as a key reference for fuel oil pricing in the Asia-Pacific region
- Shipping Industry Impact: Reflects the cost of bunker fuel for the maritime sector
- Regional Indicator: Provides insights into supply and demand dynamics for fuel oil in the Singapore market
Trading Benefits
- Price Discovery: Offers a transparent mechanism for determining the price of Fuel Oil 180 CST Singapore
- Risk Management: Allows hedging against price volatility in the Asian fuel oil market
- Market Access: Provides exposure to one of Asia’s key fuel oil benchmarks
This contract is particularly valuable for shipping companies, refineries, trading houses, and financial institutions active in the Asian fuel oil market. It offers a tool for managing price risks and implementing trading strategies related to 180 CST fuel oil in Singapore.