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28 Jan 2016 | 12:41 UTC — London
Platts has corrected the Wednesday, January 27, 2016, FOB ARA 0.1% gasoil assessment rationale.
The correction only affects the rationale, not the assessment.
The rationale published in the European Marketscan and on PGA page 1427 should read as follows:
The FOB ARA 0.1% gasoil barge assessment was based on the relationship between the physical and swaps markets in the absence of competitive indications in the Platts Market on Close assessment process. This represented a differential of minus $2.77/mt. A contango structure of 27 cents/day, as implied by the swaps structure, was applied to the assessment curve.