Platts to discontinue various China oil assessments

Platts proposes to discontinue a series of China oil assessments for Huangpu, Shanghai and Qingdao effective July 1, 2012, in keeping with the changes in trading patterns in those markets. The discontinuation of fuel oil assessments listed below will include the spread to MOPS and outright prices published in Yuan/mt and US$/mt. These assessments are currently published in Platts Asia-Pacific/Arab Gulf Marketscan and on Platts Global Alert pages 750, 770, 2028, and 2029. At the same time, Platts will discontinue its Guangzhou Ex-Tank weekly assessments of 93 RON unleaded gasoline (AAOVX00) and gasoil (AAPKV00). The Mogas 93 RON unleaded FOB South China assessment which is currently published on page 2029 will be discontinued. The South China weekly market commentary which is currently published on page 2040 also will be discontinued. Platts also will discontinue the HSFO 380 CST South China US$/mt assessment (PUAXX00) and instead publish the premium for HSFO 380 CST (imported grade) on a C+F Huangpu basis and the outright price in US$/mt and Yuan/mt. Separately, Platts will only publish assessments inclusive of the various applicable local taxes and fees for the Huangpu, Shanghai and Qingdao fuel oil markets; there will be no ex-tax numbers published. The various fees and taxes included in the assessments will continue to be published separately. Please send all comments or questions by June 15, 2012 to asiaproducts@platts.com and pricegroup@platts.com

PLATTS ASSESSMENTS SCHEDULED FOR SUSPENSION: Assessment Spread to MOPs Yuan/mt USD/mt Huangpu STS 3.5%(I) AANVK00 AANVL00 STS 3.5%(I)ex tax AAUQT00 AAOXY00 AAOXZ00 STS 2.5%(D)ex-tax AAOWK00 AAOWL00 AAOWM00 FOB 3.5%(I) AANVO00 AAOYB00 FOB 3.5%(I)ex tax AANVM00 AAOYA00 AANVN00 FOB 2.5%(D)ex-tax AAOWQ00 AAOWR00 C+F 2.5%(I) AANVS00 AANVU00 AANVT00 Shanghai FOB 3.5%(I) AAOKF00 AAUQV00 FOB 3.5%(I)ex tax AAOKD00 AAUQU00 AAOKE00 FOB 1.5%(I) AAOKL00 AAUQX00 FOB 1.5%(I)ex-tax AAOKJ00 AAUQW00 AAOKK00 FOB 1.5%(D)ex-tax AAOWV00 AAOWX00 Qingdao FOB 1.5%(I) ex-tax AAOKP00 AAUQY00 AAOKQ00 MOPS 180 CST 3-8 Days DUM2103u MOPS 180 CST 15-35 Days DUM2104u