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  • IFO 380 Rio Grande
  • Marco Barcelos
    Log-In Logistica
    GMT 17:46
    14th May 2008
    Does anyone know if there is any international reference that could be used to hedge against Rio Grande IFO 380? It doesn´t seem could be done against IFO 380 major ports.
    Thanks
  • Mikal Bøe
    IMAREX Asia Pte Ltd
    GMT 05:47
    22nd May 2008
    IP: x.x.18.34
    Try the USG 3.0% sulfur Waterborne swaps contract. Settled by Platts in US$/bbl and tradeable through most fuel oil swaps brokers like Amerex in London. tel + 44 20 7316 8200
  • Marco Barcelos
    Log-In Logistica
    GMT 17:57
    27th May 2008
    IP: x.x.218.55
    Mikal, thanks for the information. I´ll take a look to see if it works. I am not sure if the correlation is strong enough to use against only one reference. I´ve also heard that it could be used a basket to hedge against it.
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