The amount of benchmark 0.1 percent sulfur gasoil to be delivered through the ICE Futures Europe exchange in March increased to 100,100 metric tons, according to data from the Intercontinental Exchange Inc.
That compares with 46,100 tons in February and 554,600 tons in March last year, which was a record. The contract expired today at midday London time at $1,023.50 a ton.
The number of deliveries for low-sulfur gasoil fell to 14,800 tons, compared with 20,800 tons in February. This is the third expiry of the new contract since it was started trading last year.
To contact the reporter on this story: Rupert Rowling in London at firstname.lastname@example.org
To contact the editor responsible for this story: Stephen Voss at email@example.com