New assessments for Asia fuel-grade ethanol proposed

Following discussions with the industry, Platts is proposing to introduce three new Asian fuel-grade ethanol price assessments -- for blending into gasoline, comprising spot assessments for

- CIF Philippines (Daily) - FOB Korea (Weekly) - FOB South East Asia (Weekly)

Assessments are for fuel/anhydrous grade ethanol will conform to the Philippines National Standard (DPNS/DOE QS 007:2005) specifications for use as a blending component to unleaded gasoline

Prices will be published in US dollars per cubic meters, for delivery CIF Philippines 45-60 days forward from the date of publication and for loading FOB Korea and FOB Singapore 15-30 days forward.

All fuel/anhydrous grade ethanol are to be normalized to a base standard of 1,000-3,000 cubic meters in cargo size, at a temperature of 20 degrees Celsius with L/C at sight up to 30 days payment terms. All other grades, cargo sizes and payment terms will be normalized to this standard using prevailing market values.

Price assessments will reflect the close of Asia markets time stamped at 4:30pm Singapore time (0830 GMT).

These new assessments, to be published in the Platts Petrochemical Alert, and the Asian Petrochemicalscan.

Please send any queries to Please direct feedback or comments to Michelle Ho at Michelle_Ho@platts.com, Chua Sok Peng at Sok_Peng_Chua@platts.com, Ihsan Rahim at Ihsan_Rahim@platts.com, and Shahrin Ismaiyatim at Shahrin@platts.com by February 14, 2011, with a CC to pricegroup@platts.com.