Platts proposes updating conversion factors for MOPWIN 95 RON gasoline, 10 ppm sulfur gasoil

S&P Global Platts is proposing to update the mt-to-barrel conversion factors used in the Mean of Platts West India Netbacks for 95 RON gasoline and 10 ppm gasoil to bring them in line with the Mean of Platts Singapore assessments, from which these netbacks are derived, effective April 1, 2021.

Under the proposed change, the conversion factor used in MOPWIN 95 RON gasoline will be updated to 8.5, from 8.4 currently, and the conversion factor for MOPWIN 10 ppm sulfur gasoil to 7.45, from 7.62.

This will align the two netback assessments with the conversion factors used for the FOB Singapore 95 RON gasoline and FOB Singapore 10 ppm sulfur gasoil assessments, as the MOPWIN assessments for 95 RON gasoline and 10 ppm sulfur gasoil are derived by deducting freight costs from the assessments for the same products in Singapore.

The affected assessments appear in Asia-Pacific/Arab Gulf Marketscan and Oilgram Price Report; on Platts Global Alert pages 2304, 2305, 2012, 2360, 2361, 2404, 2405, 2460, 2461; and in the Platts price database under the codes below:

Assessments Code Mavg

Gasoline 95 RON Unl MOP West India $/b AAQWH00 AAQWH03

Gasoline 95 RON Unl MOP West India $/mt AAQWI00 AAQWI03

Gasoil 0.001% S (10 ppm) MOP West India $/b AAQWN00 AAQWN03

Gasoil 0.001% S (10 ppm) MOP West India $/mt AAQWO00 AAQWO03

Separately, Platts has already announced a decision to update the basket of ports used in the $/mt calculations for its India-Singapore, India-Japan and India-South Korea Medium Range clean tanker assessments to fully reflect loadings from West Coast India ports and deliveries into South Korean ports from April 1, 2021 (http://plts.co/jMNl30rtr2b).

Please send any questions or comments to asia_products@spglobal.com and pricegroup@spglobal.com by Feb. 19, 2021.

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