# A trade gets done in Singapore and gives a hint what will happen to fuel prices under IMO2020 - FreightWaves

> A first trade was made on the CME in a new derivatives contract settled against Platts' Singapore IMO 2020-compliant 0.5% sulfur marine fuel assessment, at $500 per tonne for December 2019 delivery. The trade was reportedly part of a spread trade. It is seen as an early market signal of how low-sulfur bunker fuel will be priced.

- Date: 2019-02-01 · published 2019-02-01T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/60790-a-trade-gets-done-in-singapore-and-gives-a-hint-what-will-happen-to-fuel-prices
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The IMO 2020 sulfur cap will push shippers toward low-sulfur distillates, which should tighten diesel supply and lift diesel margins relative to residual fuel.

## Read by commodity

- BRENT: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2019-09-27 | [Port Report: truckers beware – IMO 2020 will cause fuel prices to “go through the roof” - FreightWaves](https://feedsoft.ai/events/57266-port-report-truckers-beware-imo-2020-will-cause-fuel-prices-to-go-through-the.md) | -3.9% | +1.9% |
| DIESEL | 2021-04-21 | [Renewable fuel requirements threaten to play bigger role in diesel price - FreightWaves](https://feedsoft.ai/events/47457-renewable-fuel-requirements-threaten-to-play-bigger-role-in-diesel-price.md) | +1.6% | +9.6% |
| DIESEL | 2018-10-21 | [IMO2020 watch: looking to refineries and shipowners to respond to economic incentives - FreightWaves](https://feedsoft.ai/events/62733-imo2020-watch-looking-to-refineries-and-shipowners-to-respond-to-economic.md) | -0.1% | -9.9% |
| DIESEL | 2026-07-09 | [Russia Diesel Export Ban: Price Impact & Trade Shifts Russia's diesel export ban adds fresh fuel to rising prices \| Kpler - Jul 09, 2026](https://feedsoft.ai/events/12181-russia-diesel-export-ban-price-impact-and-trade-shifts-russia-s-diesel-export.md) | +7.7% | +3.3% |
| DIESEL | 2019-05-08 | [How trucking can mitigate risks of IMO 2020 marine fuel rule - FreightWaves](https://feedsoft.ai/events/59257-how-trucking-can-mitigate-risks-of-imo-2020-marine-fuel-rule-freightwaves.md) | +1.1% | -12.7% |
| BRENT | 2018-10-21 | [IMO2020 watch: looking to refineries and shipowners to respond to economic incentives - FreightWaves](https://feedsoft.ai/events/62733-imo2020-watch-looking-to-refineries-and-shipowners-to-respond-to-economic.md) | -3.2% | -17.6% |
| BRENT | 2026-06-07 | [OPEC+ to Boost Oil Output Again: What the Latest Production Hike Means for the UAE and Global Prices](https://feedsoft.ai/events/18723-opec-to-boost-oil-output-again-what-the-latest-production-hike-means-for-the.md) | -7.5% | -26.2% |
| BRENT | 2024-07-25 | [What Is Likely to Happen at Next OPEC Meeting? \| Rigzone](https://feedsoft.ai/events/29161-what-is-likely-to-happen-at-next-opec-meeting-rigzone.md) | -1.6% | -6.0% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/fuel-imo-2020-price-impact

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.