Platts discontinues Santos IFO 380, 180 CST bunker fuel assessments

S&P Global Platts has discontinued the Santos 3.5% sulfur IFO 380 CST and IFO 180 CST bunker fuel assessments, and launched Average Price Indicators for these grades in their place, effective February 3, 2020.

The discontinuation follows the announcement from Petrobras that it will no longer sell 3.5% sulfur bunker fuel at Brazilian ports where it operates.

Platts proposed on October 17 to discontinue these assessments: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/101719-platts-proposes-to-discontinue-santos-ifo-380-180-cst-bunkers-assessments

Platts will continue to publish values for these grades in this location as Average Price Indicators. Platts publishes Average Price Indicators for a variety of ports and grades where there is less liquidity and where no assessment is published. For API ports where there are no fresh price points entered on a given day, the API may be designated as a dependent price, and would be generated based on the last known differential between the API and a correlated port or more liquid fuel oil benchmark.

Platts has discontinued publication of the following prices from February 3:

ASSESSMENT SYMBOL

Bunker FO 380 CST 3.5% Dlvd Santos AAXWJ00

Bunker FO 180 CST 3.5% Dlvd Santos AAXWP00

Platts will continue to publish the assessments of marine gasoil and Marine Fuel 0.5%S in Santos.

The discontinued prices appeared on Platts Global Alert pages 870, 871 and Platts Shipping Alert pages 2240 and 2241. They appeared in Bunkerwire, Bunkerwire Monthly and Latin American Wire, as well as in the Platts price database. The Average Price Indicators will appear in Bunkerworld and in the Platts price database.

Please send all questions and comments to americas_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 upon request.