Argus Asia-Pacific Refined Products Forward Curves
Independent daily forward curve assessments for 22 refined products across Asia-Pacific, supporting trading, risk management and hedging decisions.
Overview
Argus Asia-Pacific Refined Products Forward Curves is a daily data service providing independent forward price assessments for more than 20 refined product markets across Asia-Pacific. The service delivers fixed prices, differentials and crack spreads across 36 forward months and two calendar years, enabling precise risk management, hedging and investment decisions.
At a glance
- Daily assessments for 22 key refined products.
- Covers gasoil, gasoline, jet fuel, fuel oil and naphtha.
- Includes fixed prices, differentials and crack spreads.
- Timestamped at 16:30 Singapore time each day.
- Supports mark-to-market, VaR and deal valuation.
- Delivered via data feed, API, Argus Direct® and more.
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Key features
Daily price assessments
Forward price assessments for 22 key Asia-Pacific refined products are published every business day, providing monthly, quarterly and yearly granularity across the full forward curve.
Broad product coverage
Covers a comprehensive range of refined oil products including gasoil, gasoline, jet fuel, fuel oil, LSFO, MGO and naphtha across key Asia-Pacific trading locations and delivery points.
Prices and differentials
Delivers three dataset types: fixed prices, differentials to named basis prices, and crack spreads based on Dubai swaps and ICE Brent futures (Singapore close), for deeper market coverage.
Singapore timestamp
All assessments are timestamped at 16:30 Singapore time, aligned with Argus' physical settlement price assessments for consistent and market-representative data.
Deep differential coverage
Includes crack spreads, regrade and viscosity differentials, providing comprehensive relative value coverage to support hedging, margin analysis and spread trading decisions.
Flexible delivery options
Access data via Argus Direct® client portal, data feed (API or FTP), Excel add-in, email or third-party channel partners, integrating seamlessly into existing workflows.
How Argus assesses Asia-Pacific refined products forward curves
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Source data and market inputs
Forward curves use current and historical inputs, including traded market data and Argus price assessments, all subject to rigorous quality and relevance checks. -
Forward curve production
Price spreads to more liquid markets and time periods are used to fill gaps in the forward curve where market information or Argus price assessments are unavailable. -
Consistency and adjustment
Argus produces zero-arbitrage forward curves, ensuring strip prices always equal the average of their component periods. Abnormally large day-on-day changes are investigated and confirmed or revised by analysts. -
Validation and oversight
All models undergo continual review, including an evaluation of conceptual soundness, ongoing monitoring and outcome analysis to ensure representative pricing. -
Corrections
Corrections are issued for clerical errors, calculation mistakes or misapplication of methodology. Published forward curve prices are not retroactively changed based on new information.
Who uses this service
Risk managers
- Apply forward curve data for mark-to-market accounting and daily profit and loss assessments.
- Validate internal curves against unbiased, independent third-party assessments.
- Support value-at-risk, potential future exposure and deal valuation across refined product positions.
Traders and trade analysts
- Reference prior-day curves when entering the market each morning.
- Identify locational and temporal spread relationships using historical curve data.
- Value option premiums associated with forward refined product contracts.
Refineries
- Use forward curves to inform hedging decisions when securing crude oil supplies.
- Analyse refinery margins across forward periods to support operational planning.
- Assess crack spread values to optimise feedstock procurement and product sales.
Bunker fuel buyers and sellers
- Use Asia-Pacific refined products curves when making marine fuel purchasing decisions.
- Manage price risk exposure through forward curve-supported hedging strategies.
- Benchmark bunker fuel values across key locations and forward time periods.