what is the formula for mops+1/-1? How much will be the price say mops+1 ?
Jun 13, 2007 GMT 10:02
There isn't really a formula for MOPS, but rather how MOPS prices are calculated.
Any values, whether +1 or more, would be the premiums over MOPS or cargo prices.
For example, current prices for low-sulphur fuel oil (LSFO) 380 cst in Singapore is around MOPS +35 to +40. You can refer to Bunkerworld price page on LSFO prices, which are quoted at this range above MOPS 380 cst.
Seraven Global Ltd.
Jul 24, 2007 GMT 08:28
Mr Lee, which price in bunkerworld shall refer for "Gas Oil Reg 0.5%". What are the abbreviation means at the 'Fuel Prices' page?
Jul 25, 2007 GMT 20:07
If you read the Platts Bunker Wire take the high Diesel price to get the MGO 1.5% Sulphur Diesel price. You might pay a premium for 0.5%
PTT Philippines Corp.
Sep 13, 2007 GMT 00:48
when was the last time MOPS traded at a discount? We noticed that MOPS prices have been trading at a premium for some time already.
Sep 14, 2007 GMT 02:09
MOPS were at discount during the first week of September. Premiums have been returning around middle of this week. I'd suggest you get Platts data for a more detailed pricing of MOPS.
PTT Philippines Corp.
Apr 6, 2008 GMT 02:41
I noticed that the MOPS difference of GO 0.05% and GO 0.5% is somewhere around USD$2.00 to $4.50... What factors affect the price difference? Which of the two is often used as buying reference? I am into forecasting and trading. Thanks so much for the info...
Likewise, can you provide info on UNL92, UNL95, and Naphta references for gasoline?
Low Ka Huat
Airfox Oil & Gas Sdn. Bhd.
Jun 10, 2007 GMT 07:02
what is mops? how to calculate +1,+2,or-1,-2? Thank you.
Jun 11, 2007 GMT 07:42
MOPS is Mean of Platts Singapore. The bulk of bunker sales is Singapore is made by 380 cst grade, so the commonly used term is MOPS 380 cst.
The differential between ex-wharf 380 cst bunker fuel prices and MOPS 380 cst is the premiums, which can be in positive or negative values, as what you pointed out as +1, +2, or -1, -2.
The values vary according to market fundamentals of supply and demand. When demand is low and supply is good, premiums will be low or negative. When demand is high and supply is tight, premiums will be high or positive.
G M SEIKH
Feb 11, 2014 GMT 06:57
Dear Mr. Lee,
I have read many articles defining MOPS, however I fail to understand its relation to price. I have understood the concept of premiums and discounts.
I will put a very simple statement.
Statement: Last week LSFO was sold at MOPS plus $1.00/mt
Query: At what rate was the LSFO sold? MOPS basically is the mean price of oil traded through Singapore. So MOPS correlates to what price or which commodity's listed pricing? How can I know the current MOPS?
I believe this is everybody's question.
Please help us understand.