Platts launches Propane North Asia quantitative forward assessments

Platts, part of S&P Global Commodity Insights, has launched a series of modeled price assessments reflecting North Asia propane derivatives, and the related North Asia propane/naphtha Japan spread effective April 1.

Platts publishes Month 1, Month 2, Month 3 outright North Asia propane and North Asia propane/naphtha Japan spread assessments based on bids, offers, or trades seen during the Platts Market on the Close assessment process. In the absence of any bids, offers or trades in the MOC, information from derivative exchanges or heard in over-the-counter markets may be taken into consideration.

For Months 4 to 36, the S&P Global Commodity Insights Risk Data Service team derives prices using the historical Singapore end-of-day Platts spot assessments, Month 1, 2, and 3 North Asia propane derivative assessments, and Platts forward assessments for related products.

Information on the new quantitative curve symbols can be found in this guide: https://www.spglobal.com/commodityinsights/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/m2m_oil_forward_curves.pdf.

For questions or comments, please reach out to the team at PL_Risk_Production@spglobal.com.