SUBSCRIBER NOTE: Platts raises cargo sizes in CIF ARA diesel assessment

Platts has extended the range of cargo sizes reflected in its CIF ARA diesel assessment from 10,000-35,000 mt plus/minus 10% to 10,000-40,000 mt plus/minus 10%. The methodology change is taking effect Friday 2 January, 2015.

The basis of the assessment remains 20,000 mt plus/minus 10%, but cargoes across the entire size range of 10,000-40,000 mt plus/minus 10% are also considered. Price data for cargo sizes other than 20,000 mt plus/minus 10% are normalized back to the value of a 20,000 mt plus/minus 10% cargo.

Platts will continue to monitor market developments to ensure the assessment process reflects flows that become more prevalent and relevant in the European market.

The following assessments are affected: CIF ARA diesel cargoes (AAVBG00), CIF NWE (Le Havre) diesel cargoes (AAWZC00), CIF UK diesel cargoes (AAVBH00), FOB ARA diesel cargoes (AAVBF00), FOB NWE (Le Havre) diesel cargoes (AAWZD00).

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