Platts discontinues C+F Japan gasoil premium/discount assessment Feb 1, 2021

S&P Global Platts has discontinued its C+F Japan gasoil premium/discount assessment from Feb. 1, 2021

The discontinuation reflects a change in trade flows and a lack of spot market activity on a C+F Japan basis in this market.

Platts first proposed the discontinuation of the C+F Japan gasoil premium/discount assessment in a subscriber note published Oct. 16, 2020 (http://plts.co/VnLO30rknRN).

Gasoil imports into Japan have been declining over the years, totaling 592,171 mt in 2019, down from 612,357 mt in 2018, according to data from Japan's Ministry of Economy, Trade and Industry. Meanwhile, over the same period, there has been a sharp increase in gasoil exports from Japan. In 2019, Japan exported 7.98 million mt of diesel, up 30% from 6.155 million mt in 2018, data from Petroleum Association of Japan showed.

The discontinuation will affect the C+F Japan gasoil premium/discount daily assessment (AAWVG00) and the C+F Japan gasoil premium/discount monthly average (AAWVG03).

These prices previously appeared on Platts Global Alert fixed page 2430, in the Platts Asia Pacific/Arab Gulf Marketscan, and in the Platts price database under the codes above.

Separately, Platts launched an FOB Japan 10 ppm sulfur gasoil cash differential starting on Oct. 1, 2020 (http://plts.co/CunN30rdHS7) Platts previously discontinued its C+F Japan gasoil outright assessment on Oct. 1, 2018 (http://plts.co/dgWw30rknRQ).

Please send any feedback or questions to asia_products@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 to the public upon request.