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17 Feb 2023 | 12:56 UTC
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.