Platts discontinues Petrobras posted price monthly averages

S&P Global Platts has discontinued its calculated monthly averages for the daily Petrobras posted prices of VLSFO 0.5% and marine gasoil in the four ports where Platts publishes pricing, effective May 3, 2021.

There will be no change to the publication of the daily Petrobras posted prices.

Platts first proposed this discontinuation on Jan. 5: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/010521-platts-proposes-to-discontinue-petrobras-posted-price-monthly-averages

These monthly average calculations were not posted by Petrobras, but were instead calculated from the prices posted by Petrobras. However, the underlying posted prices from Petrobras are updated inconsistently, sometimes missing days and sometimes with multiple updates during the same day. This has meant that the monthly calculations did not reflect a standard monthly average as seen in other Platts prices.

The affected prices are:

PBABS03 - Marine Gasoil Dlvd Paranagua MAvg

PBABU03 - Marine Gasoil Dlvd Rio de Janeiro MAvg

PBABV03 - Marine Gasoil Dlvd Salvador MAvg

PBABT03 - Marine Gasoil Dlvd Santos MAvg

PUAVA03 - Petrobras Bunker VLSFO 0.5% Dlvd Paranagua MAvg

PUAVD03 - Petrobras Bunker VLSFO 0.5% Dlvd Santos MAvg

PUAVB03 - Petrobras Bunker VLSFO 0.5% Dlvd Rio de Janeiro MAvg

PUAVC03 - Petrobras Bunker VLSFO 0.5% Dlvd Salvador MAvg

LGPNG03 - Low Sulfur Petrobras Marine Gasoil Dlvd Paranagua MAvg

LGRIO03 - Petrobras Low Sulfur Marine Gasoil Dlvd Rio de Janeiro MAvg

LGSSA03 - Petrobras Low Sulfur Marine Gasoil Dlvd Salvador MAvg

MGPNG03 - Petrobras Marine Gasoil Dlvd Paranagua MAvg

MGRIO03 - Petrobras Marine Gasoil Dlvd Rio de Janeiro MAvg

MGSSA03 - Petrobras Marine Gasoil Dlvd Salvador MAvg

These assessments appeared on Platts Bunker Alert page 877 and Platts Shipping Alert page 2245. These also appeared in Bunkerwire Monthly and in the Platts price database under the codes above.

Please send any questions, comments or feedback to americas_products@spglobal.com and pricegroup@spglobal.com.