Bids, offers in European middle distillates

With immediate effect, bids and offers for European middle distillate cargoes and barges expressed as a differential to the ICE low sulfur gasoil futures contract may be normalized to take in to account the relatively low level of liquidity trading on this relatively new futures contract.

The normalization used in the assessment is to reflect the potential for a greater level of execution risk associated with the relatively low liquidity in the new instrument.

Please send comments to europe_products@platts.com with a CC to pricegroup@platts.com.