UPDATE: Platts to publish Asia ICE gasoil, EFS

Following industry feedback, Platts will move ahead on May 18 with plans to launch assessments for the value of gasoil futures contracts that prevail on IntercontinentalExchange at the close of Platts' Market on Close assessment process in Singapore.

Platts will also publish the value of the Exchange of Futures for Swaps, EFS contracts that measure the difference in value between ICE Gasoil futures and Singapore gasoil swaps settled using Platts' gasoil assessments.

The data will appear on a new Platts Global Alert page, PGA 2011.

These new assessments would be provided for the first three months trading on ICE.

Both ICE futures and the EFS would be expressed in dollars per metric ton.

EFS assessments would also be listed for the prompt three calendar months. So on June 1, 2009, Platts would assess June, July and August gasoil futures; Platts would also publish a balance June, July and August EFS.

Platts would no longer list the balance month EFS after the 15th of the month, when balance month swaps are no longer assessed. Platts would list futures until they expire on the exchange.

The assessment will also appear in APAGScan, European Marketscan, and Oilgram Price Report.

Please send all additional feedback by May 1 to asia_products@platts.com and pricegroup@platts.com.