S&P Global launches normalization for time in European biodiesel assessments

Following a formal public consultation, proposal, review and decision, S&P Global Commodity Insights has included implied or actual loading date as a factor when normalizing indications in the European biodiesel assessments, effective April 1, 2022.

S&P Global 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, S&P Global currently assumes for assessment purposes that indications received will load 9 days ahead.

Following this change, S&P Global will 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 will allow S&P Global to better reflect the impact of loading date on prices in this market.

The S&P Global public proposal subscriber note on European biodiesel methodology can be found here: https://www.spglobal.com/commodity-insights/en/our-methodology/subscriber-notes/020222-platts-proposes-to-include-normalization-for-time-in-european-biodiesel-assessments

The S&P Global public decision note on European biodiesel methodology can be found here: https://www.spglobal.com/commodity-insights/en/our-methodology/subscriber-notes/022222-platts-to-include-normalization-for-time-in-european-biodiesel-assessments

Please send any further 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 S&P Global for public viewing. S&P Global will consider all comments received and will make comments not marked as confidential available to the public upon request.