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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 Distillates Low Sulphur Gasoil First Line Distillates Europe – Commodity CFD

Low Sulphur Gasoil First Line Distillates Europe – Commodity CFD

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Name & Trade Code

Contract Name Low Sulphur Gasoil First Line
MT5 Code LS_Gasoil_First_Line
Contract Classification Commodity CFD
Geographical Region Europe

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 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

Contract Overview

LG Gasoil First Line is a Commodity CFD contract for gasoil traded in Europe. This contract provides exposure to the price movements of low-sulphur gasoil, which is an important benchmark for distillate fuels in the European market.

Contract Purpose

This outright contract allows market participants to:

  • Gain direct exposure to the price of Low Sulphur Gasoil in Europe
  • Hedge against price fluctuations in the European distillates market
  • Speculate on the future price direction of Low Sulphur Gasoil

Market Significance

  • Benchmark Status: Serves as a key pricing point for distillates futures in Europe
  • Environmental Compliance: Reflects the growing importance of low sulphur fuels in meeting emissions regulations
  • Regional Indicator: Provides insights into supply and demand dynamics for distillates in the European market

Trading Benefits

  • Price Discovery: Offers a transparent mechanism for determining the price of Low Sulphur Gasoil based on actual supply and demand
  • Risk Management: Allows hedging against price volatility in the distillates market
  • Market Access: Provides exposure to one of Europe’s most important distillate futures contracts

This contract is particularly valuable for refineries, shipping companies, industrial consumers, and commodity traders active in the distillates market. It offers a tool for managing price risks and implementing trading strategies related to Low Sulphur Gasoil in Europe, with high liquidity and accessibility through the OnyxMarkets platform.