SUBSCRIBER NOTE: Platts launches non-oxygenate FOB Singapore gasoline assessment

S&P Global Platts will launch an FOB Singapore non-oxygenate gasoline assessment, with effect from April 2, 2018.

This is in line with the significant growth of non-oxygenate gasoline import markets in Asia and Pacific.

The new assessment would reflect 50,000- to 150,000-barrel cargoes loading from any of the approved Platts FOB Straits terminal 15-30 days ahead of the date of publication.

Platts will publish the assessment as both an outright value and as a differential against the FOB Singapore 92 RON gasoline MOPS Strip.

Platts proposed the new assessment on October 31, 2017 (http://www.platts.com/subscriber-notes-details/27883415). Since that time, it has received feedback in support of the proposal, as well as feedback supporting some changes to the proposed specifications.

In response to feedback, Platts is amending some elements of the specifications reflected in the new assessment.

Under these changes, Platts will reflect a minimum Motor Octane Number (MON) of 81, while previously there was no specification stated. For density, per industry practice, Platts will reflect a specification of "Report," while previously it had proposed a minimum of 0.72 g/ml at 15 degrees Celsius.

Platts will also specify oxygenates as contaminants by volume at 1.0% maximum, whereas initially the oxygenate parameter was proposed as NIL. Finally, Platts is updating the color property to reflect Undyed, rather than Undyed, Red Orange.

Platts FOB Singapore non-oxygenate assessment will reflect the following specifications:

Property Standard Research Octane Number (RON) Min 91 Motor Octane Number (MON) Min 81 Lead content, gpb/l Max 0.013 Density@15 deg C, g/ml Report Reid Vapor Pressure (PSI) Max 9 Distillation, degree C Initial Boiling Point Report 10% evaporated Max 65 50% evaporated Max 115, Min 74 90% evaporated Max 183 Final Boiling Point Max 215 Residue, %vol Max 2.0 Loss, %vol 2 Odor Marketable Existent gum, mg/100ml Max 4 Benzene content, %vol Max 1 Sulfur, % wt Max 0.015 Doctor Test Negative or Mercaptan sulfur, ppm Max 15 Mercaptan sulfur, % wt Max 0.0015 Copper corrosion Max 1 (3 hours at 50 deg C) Induction period, minutes Min 360 Oxygenates as components, % vol Nil Oxygenates as contaminants, % vol Max 1.0 Aromatics, % vol, 17-42 Olefin, % Vol, Max 18 Color Undyed Alcohol No addition of any alcohol Metallic Additives None added Acetone Max 100 ppm

These assessment will be published on Platts Global Alert, Platts Asia-Pacific/Arab Gulf Marketscan and in the Platts price assessment database.

Please send all comments, feedback and questions to pl_asia_oilproducts@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.