Platts proposes to include normalization for time in European biodiesel assessments

Platts is proposing to include implied or actual loading date as a factor when normalizing indications in the European biodiesel assessments, effective April 1, 2022.

Platts European biodiesel assessments are for barges loading between 3-15 days forward on Monday-Wednesday and 5-15 days forward on Thursday-Friday. For legacy reasons, Platts currently assumes for assessment purposes that indications received will load nine days ahead.

Under this proposal, Platts would use the actual or implied loading dates deemed most appropriate for the barge in question.

For example, a price indication for a barge loading 7-21 days ahead may be assumed to be valid for the midpoint of that period (14 days forward), unless other factors such as market structure are deemed more compelling.

This proposal would allow Platts to better reflect the impact of loading date on prices in this market.

Please send all feedback, comments or questions to europe_ags@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.