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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.

Onyx Markets Fuel Oil Barges 0.5 Spread (Marine Fuel 0.5% FOB Rotterdam Barges) – Commodity CFD

Barges 0.5 Spread (Marine Fuel 0.5% FOB Rotterdam Barges) – Commodity CFD

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Name & Trade Code

Contract Name
MT5 Code
Contract Classification
Geographical Region

Contract Specification

Sector
Product Group
Tenor Period
Maximum Forward Tenor
Contract Size
Contract Unit
Trading Price Quote
Price Digits
Currency
Tick Value
Tick Size
Minimum Volume
Volume Steps [Lots]
Settlement
Margins Download a summary or detailed document with tiers.

Expiry Trading Overview

Contract Expiry Date
Last Trading Day (for new open positions)
Last Trading Day (for closing position in that Tenor Period)

Tenor Period Settlement Valuation Process

Open Volume
Daily Settlement Value
Daily Settlement Volume
Final Settlement Price
Name & Trade Code   Marine Fuel 0.5% FOB Rotterdam Barges  
Contract Name:  Barges 0.5 Sprd  (Fuel Oil), Time Spread, Europe -Commodity CFD 
Platform Code:  Barges 0.5 Sprd 
Deal Classification:  Commodity CFD 
Deal Type (Outright/Product Differential/Time Spread):  Time Spread 
Geographical Region:  Europe 
Specification    
Category:  
Sector:  Energy 
Price Digits:  2 
Product Group:  Fuel Oil 
Tenor Period:   Consecutive individual whole calendar months, e.g. February 25 (Feb25) 
Maximum Forward Tenor:  12 consecutive forward Tenor Periods available 
Trading Screen Name:  Barges 0.5 Sprd 
Deal Type:  Time Spread 
Contract Size:  100 
Unit of Trading:  mt 
Currency:  USD 
Minimal Volume[Lots] (Lots * Contract Size = Total Deal Volume ):  1 
Maximal Volume [Lots] (Lots * Contract Size = Total Deal Volume ):  
Volume Step:  0.1 
Settlement:  Last Trading Day and Expiry is the COB working day prior to start of the nearest contract month, please refer to Expiry Trading Overview below 
Trading Price Quote:  $/mt 
Underlying Settlement Price Reporting Agency (PRA):   Platts 
   
   
Expiry Trading Overview:     
Contract Expiry Date:  The last working day of the month prior to the nearest expiring Tenor Period 
Last Trading Day (for new open positions):    
Last Trading Day for closing position in that Tenor Period:  The Contract Expiry Date for the Tenor Period 
     
Tenor Period Settlement Valuation Process:    
Open Volume  The net open volume for the Tenor Period 
Daily Settlement Value  Market-on-Close – The daily Underlying PRA assessment (Platts, Argus or Exchange) settlement assessment time, e.g.  4:30 pm for European contracts 
Daily Settlement Volume  All Open Volume will be closed and settled at Daily Settlement Value, with an MOC haircut applied 
Final Settlement Price   Last Trading Day and Expiry is the COB working day prior to  
MOC Haircut   +/- 50% of nominal OMGO spread? 

The Barges 0.5 Sprd contract is a commodity CFD (Contract for Difference) in the Fuel Oil group that represents the time spread between two consecutive months of Marine Fuel 0.5% FOB Rotterdam Barges prices.

Contract Purpose

This time spread contract allows market participants to:

  • Speculate on or hedge against changes in the price relationship between two consecutive months of Marine Fuel 0.5% FOB Rotterdam Barges
  • Manage exposure to seasonal price fluctuations in the low-sulphur marine fuel market
  • Execute calendar spread trading strategies

Market Significance

  • Price Structure: Reflects the market’s expectation of near-term supply and demand dynamics for 0.5% sulphur marine fuel in Rotterdam
  • IMO 2020 Impact: Captures the ongoing effects of the International Maritime Organization’s 2020 sulphur cap regulation
  • Regional Benchmark: Serves as a key reference for low-sulphur marine fuel pricing in the European market

Trading Benefits

  • Spread Risk Management: Allows traders to focus on relative price movements between months, reducing exposure to outright price volatility
  • Market Access: Provides a tool for trading the time structure of the Rotterdam low-sulphur marine fuel market
  • Flexibility: Enables various trading strategies, from simple calendar spreads to more complex multi-leg trades

This contract is particularly useful for shipowners, bunker fuel suppliers, refineries, trading houses, and financial institutions active in the European marine fuel market, offering them a precise instrument to manage time-related price risks and implement sophisticated trading strategies in the 0.5% sulphur marine fuel sector.