Platts amends Jan 21 10 ppm FOB ARA barges assessment rationale

Please note that S&P Global Platts has corrected the Jan. 21 Diesel 10 ppm FOB ARA barges assessment rationale. The correction only affects the rationale, not the assessment.

The rationale should read as follows:

The FOB ARA 10 ppm ULSD barge assessment was based on the following inputs, expressed as differentials to the front-month ICE LSGO futures contract: Value on Jan. 28 was assessed at minus $3/mt, based on a narrow bid-offer spread for front-end dates in the Platts Market on Close assessment process. Value on Feb. 3 was assessed at minus $2.25/mt, above a competitive bid for back-end dates in the MOC. A contango of around 12 cents/mt per day was implied between the two points and extended to the front and back of the curve.

The rationale is published on Platts Global Alert page 1478 and in Platts European Marketscan.