SUBSCRIBER NOTE: Platts to update Latin American and Caribbean Jet Fuel Index

S&P Global Platts will update its Latin America and Caribbean Jet Fuel Index to include Brazil and Mexico jet fuel assessments, with effect from June 3, due to changing market dynamics. The changes reflect increased jet fuel liquidity in both Mexico and Brazil. Market feedback was in favor of the changes.

The Jet Index Latin America & Caribbean (PJLAC07) is currently made up of only the Jet Kero Caribbean assessment (PJAAD00). Platts will add the Mexico jet fuel assessment for cargoes delivered to Tuxpan (AATFG00) and the Brazil jet fuel assessment for cargoes delivered to Santos (AJAAD00).

The changes include new weightings for the three assessments in the Latin American and Caribbean Jet Fuel Index, with the Mexican jet assessment making up 70% of the index, Brazil 20% and the Caribbean 10%.

Platts will also change the Latin America and Caribbean Index metric ton conversion factor to the industry standard of 7.9 in order to maintain consistency throughout its assessments.

The Latin America & Caribbean Jet Fuel Index (PJLAC07) will still account for 4.08% of the Platts Global Jet Fuel Index.

Please send comments and feedback to americas_products@spglobal.com, with a copy to pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.