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Refined Products, Diesel-Gasoil
January 17, 2025
Platts, part of S&P Global Commodity Insights, has corrected the ULSD 10ppmS CIF NWE Cargo <AAVBG00> assessment rationale for Jan. 16, which should read as follows:
The CIF NWE diesel cargo assessment was based on the following input, expressed as differentials to the front-month ICE LSGO futures contract:
Value on Feb. 4 was assessed at $11.75/mt below a competitive offer in the Platts MOC assessment process.
The previously established paper structure of around 17 cents/mt in backwardation was then applied to the rest of the curve.
Exclusions: the following bid was excluded due to non-adherence to Platts guidelines: BBENERGYLTD Bid [15:43:56], Bilbao, Sun 26 Jan - Thu 30 Jan, Main: 27kt, "optol"" ?: "" 0-6 kt in SO diff as per main , pricing COD + 3 quotations (COD=0) ? Spec"": ULSD10 ppm Spanish winter 60 flash MIN, "" clear and bright"" ?, CP: Hamburg-Bdx, North Spain + ECUK, other obtainable at cost , ?VEssel "" BP/Shell/Total ??", 100% of main at ULSD CIFNWE Crg $-3.00/mt, Any Day, See TQC
This rationale appears in the Platts European Marketscan.