Singapore HSFO conversion rate and decimal place adjustment

Following an extensive feedback period, Platts will implement the alignment of Singapore high sulfur fuel oil conversion factors to 6.35 barrels/mt.

The change will take effect from July 1, 2011.

Platts will amend the published conversion factor applied to databased price assessments of HSFO 180 CST and HSFO 380 CST FOB Singapore, to 6.35 barrels/mt.

For 180 CST cargoes (main Platts database code, PUADV00) and related databased values, a conversion factor of 6.5 is currently published.

For 380 CST cargoes (main Platts database code, PPXDK00) and related databased values, a conversion factor of 6.4 is currently published.

At the same time, Platts will align all of its Asian derivative codes to 3 decimal places.

As announced in an earlier subscriber note, Platts will also move the following symbols from ID to DA category:

FROM:

To:

Please be advised that the actual change will occur on June 30, 2011 in time for the July 1, 2011 launch.