Platts corrects Jan 13 gasoline assessment rationale

Platts, part of S&P Global Commodity Insights, has corrected the Jan. 13 rationale for Gasoline Prem Unleaded 10ppmS FOB Med Cargo assessment.

The rationale should read as follows: The FOB Mediterranean gasoline cargo assessment was based on the following inputs: Value on Jan. 29 was assessed at $846.69/mt, factoring in a trade on a bid in the Platts MOC. Value on Feb. 5 was assessed at $839.45/mt, factoring in an outstanding offer in the Platts MOC. A backwardation of $1.03/mt per day was implied between the two points and was extended to the back of the physical curve. A backwardation of around 34 cents/mt per day was applied to the front of the physical curve, in line with the paper structure.

The correction affects only the rationale, not the assessment.

The rationale is published on PGA page 1389 and in Platts European Marketscan.