SUBSCRIBER NOTE: Platts to launch FOB Japan gasoil assessment

S&P Global Platts will launch an FOB Japan gasoil assessment with effect from May 7, 2018.

This assessment was first proposed in a subscriber note published February 15 (https://www.platts.com/subscriber-notes-details/27915746).

In that note, Platts proposed a launch date of May 2 and this has now been postponed to May 7.

The launch of the new FOB Japan gasoil assessment reflects changing patterns in trading of spot physical gasoil from Japan.

The new assessment will better capture the current market's export flows from Japan, which have become a significant proportion of waterborne trades in Asia in recent years.

The assessment will be derived using Platts Japan Domestic Oil Waterborne gasoil assessment, with cost normalized for the export market, including the removal of the implied taxed value.

The final assessment will also be converted from yen per kiloliter to US dollar per barrel based on relevant currency conversion pairings.

The publication schedule of the new assessment will be based on Platts' existing publication schedule for Japan domestic oil assessments.

Separately, Platts is also proposing to discontinue the FOB Okinawa and C+F Japan gasoil assessments from October 1, 2018.

The daily FOB Okinawa 10 ppm sulfur gasoil and C+F Japan 10 ppm sulfur gasoil assessments can be found on PGA 2006, 2404, 2405, 2430 and 2431, and on the Platts Asia Pacific/Arab Gulf Marketscan.

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