17 Feb 2023 | 12:56 UTC

Platts corrects Feb. 10 jet CIF NWE cargo rationale

Please note that Platts has corrected the Feb. 10 jet CIF NWE Cargo PJAAU00 assessment rationale.

The rationale should read as follows:

The CIF NWE jet fuel cargo assessment was based on the following inputs, expressed as differentials to the front-month ICE LSGO futures contract: Value on Feb. 22 was assessed at $77/mt, factoring in an outstanding offer for Feb. 20-24 delivery in the Platts Market on Close assessment process. A backwardation of about 37 cents/day was applied to the front and to the back of the physical curve.

The rationale is published on PGA page 1489 and in Platts European Marketscan.