Argus Asphalt Forward Curves
Daily forward price curves for asphalt markets across the US, Europe and Asia, covering 10 locations with 24 months of monthly forward prices.
Overview
Argus Asphalt Forward Curves is a daily forward curve service providing modelled current market values for 10 asphalt markets across the US, Europe and Asia. Prices are published in $/bl and $/st for a rolling 24 months forward, including basis differentials to WTI, Brent and US Gulf coast 3% residual fuel oil futures. The service delivers independent, zero-arbitrage forward prices to support trading, risk management and investment decisions.
At a glance
- Covers 10 asphalt markets across three regions.
- 24-month rolling monthly prices, published daily.
- Basis differentials to WTI, Brent and fuel oil futures.
- Zero-arbitrage pricing across all strip periods.
- Supports mark-to-market, VaR and deal valuation.
- Enables independent forward curve validation.
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Key features
Daily curve publication
Argus publishes Asphalt Forward Curves on weekdays. US prices are timestamped at 14:30 Eastern time, European prices at 16:30 London time, and Asian prices at 16:30 Singapore time.
Regional asphalt coverage
Ten markets span the US, Europe and Asia, including fob US Gulf, cif New England, US midcontinent rail, cif New York, fob Rotterdam, fob Greece, domestic Germany, domestic Romania, fob Singapore and fob South Korea.
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Benchmark differentials
The service includes basis differentials to WTI, Brent and US Gulf coast 3% residual fuel oil futures prices, published in $/bl and $/st across all covered markets.
Zero-arbitrage consistency
Strip prices always equal the average of their component periods, ensuring zero-arbitrage consistency across monthly, quarterly and calendar strip contracts.
Rigorous data validation
Curves use current and historical inputs, including traded forward markets and historical price relationships. All inputs undergo rigorous quality and relevance checks before use.
Flexible delivery options
Access data via data feed, Argus Direct® client portal, third-party channel partners, API, Excel add-in or email, integrating into existing analytical and risk management workflows.
Who uses this service
Risk managers
- Validate forward curves against counterparty data using an independent, unbiased source.
- Apply forward prices for mark-to-market accounting and daily profit and loss assessments.
- Calculate value-at-risk, potential future exposure and deal valuation.
Traders and trade analysts
- Reference prior-day curves as a daily starting point when entering asphalt markets.
- Identify locational and temporal spread relationships across covered regions.
- Support deal valuation, regression analysis and scenario analysis decisions.
Market analysts
- Analyse price relationships and basis differentials across asphalt markets globally.
- Monitor forward market structure to support research and client advisory work.
- Use historical curve data to identify pricing trends across locations and time periods.
Planning and budget analysts
- Model future cash flows and budget projections using independent forward price references.
- Stress-test commodity price assumptions across planning horizons using scenario analysis.
- Support procurement and investment decisions with 24-month forward price data.