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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 Distillates Sing Gasoil 10ppm Distillates Asia – Commodity CFD

Sing Gasoil 10ppm Distillates Asia – Commodity CFD

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Name & Trade Code

Contract Name Sing Gasoil 10ppm
MT5 Code Sing_Gasoil_10ppm
Contract Classification Commodity CFD
Geographical Region Asia

Contract Specification

Sector Energy
Product Group Distillates
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 bbl
Trading Price Quote $/bbl
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 Sing Gasoil 10ppm contract is a commodity CFD (Contract for Difference) in the Distillates group that represents the outright price of Singapore Gasoil with 10 parts per million (ppm) sulphur content.

Contract Purpose

This outright contract allows market participants to:

  • Gain direct exposure to the price of Singapore Gasoil 10ppm
  • Hedge against price fluctuations in the Asian gasoil market
  • Speculate on the future price direction of low-sulphur gasoil in Singapore

Market Significance

  • Benchmark Status: Serves as a key reference for ultra-low sulphur gasoil pricing in the Asia-Pacific region
  • Environmental Impact: Reflects the ongoing demand for low-sulphur fuels
  • Regional Indicator: Provides insights into supply and demand dynamics for gasoil in the Singapore market

Trading Benefits

  • Price Discovery: Offers a transparent mechanism for determining the price of Singapore Gasoil 10ppm
  • Risk Management: Allows hedging against price volatility in the Asian gasoil market
  • Market Access: Provides exposure to one of Asia’s key gasoil benchmarks

This contract is particularly valuable for refineries, trading houses, and financial institutions active in the Asian gasoil market. It offers a tool for managing price risks and implementing trading strategies related to ultra-low sulphur gasoil in Singapore.