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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 Sing 380

Sing 380

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A CFD is a financial derivative that allows traders to speculate on the price movement of an asset without owning it. The trader enters into a contract with a broker, agreeing to exchange the difference in the asset's price from the time the contract is opened to when it is closed.

Name & Trade Code

Contract Name Sing 380(100mt-$/mt)
MT5 Code Sg380
Contract Classification Commodity CFD
Geographical Region Asia

Contract Specification

Sector Energy
Product Group Fuel Oil
Tenor Period Consecutive individual whole calendar months, e.g. Aug 25
Maximum Forward Tenor Up to 18 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 Download a summary or detailed document with tiers.

Expiry Trading Overview

Contract Expiry Date The last trading day of the expiring Tenor Period (i.e. 29 August 2025 for Aug 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. 22 August 2025 for Aug 25 Tenor Period)
Last Trading Day (for closing position in that Tenor Period) The Contract Expiry Date of the relevant Tenor Period
Trading Hours 8:00am - 5:30pm London time
Quoting Hours 8:00am - 6:00pm London time

Tenor Period Settlement Valuation Process

Open Volume The net open volume for the expiring Tenor Period
Daily Settlement Value Market-on-Close – The daily assessment settlement 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

The Sing 380 contract is a commodity CFD (Contract for Difference) in the Fuel Oil group that represents the outright price of Fuel Oil 380 CST Singapore.

Contract Purpose

This outright contract allows market participants to:

  • Gain direct exposure to the price of Fuel Oil 380 CST Singapore
  • Hedge against price fluctuations in the Asian fuel oil market
  • Speculate on the future price direction of 380 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 380 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 380 CST fuel oil in Singapore.

A spread bet is a form of wagering on the price movement of an asset, where the trader bets on whether the price will rise or fall. The profit or loss is determined by the difference between the opening and closing prices.

Name & Trade Code

Contract Name Sing 380($/0.01)
MT5 Code Sg380.s
Contract Classification Commodity SB
Geographical Region Asia

Contract Specification

Sector Energy
Product Group Fuel Oil
Tenor Period Consecutive individual whole calendar months, e.g. Aug 25
Maximum Forward Tenor Up to 18 consecutive forward Tenor Periods available
Contract Size 100
Contract Unit
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 Download a summary or detailed document with tiers.

Expiry Trading Overview

Contract Expiry Date The last trading day of the expiring Tenor Period (i.e. 29 August 2025 for Aug 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. 22 August 2025 for Aug 25 Tenor Period)
Last Trading Day (for closing position in that Tenor Period) The Contract Expiry Date of the relevant Tenor Period
Trading Hours 8:00am - 5:30pm London time
Quoting Hours 8:00am - 6:00pm London time

Tenor Period Settlement Valuation Process

Open Volume The net open volume for the expiring Tenor Period
Daily Settlement Value Market-on-Close – The daily assessment settlement 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

The Sing 380 contract is a commodity SB (Spread Bet) in the Fuel Oil group that represents the outright price of Fuel Oil 380 CST Singapore.

Contract Purpose

This outright contract allows market participants to:

  • Gain direct exposure to the price of Fuel Oil 380 CST Singapore
  • Hedge against price fluctuations in the Asian fuel oil market
  • Speculate on the future price direction of 380 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 380 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 380 CST fuel oil in Singapore.