Platts to amend, rename Latin America and Caribbean jet index July 1

S&P Global Platts will amend the composition of its Latin America and Caribbean jet fuel index to reflect only Mexican and Brazilian assessments, and rename it to the Latin America jet fuel index, effective July 1, 2021.

The Latin America and Caribbean jet fuel index currently reflects the value of jet fuel in Mexico (70%), Brazil (20%) and the Caribbean (10%). From July 1, Mexico and Brazil will account for 60% and 40% of the regional index, respectively, with the weightings reflecting jet fuel demand and trade flows into those regions.

This follows a decision by Platts to discontinue its Caribbean jet fuel assessment on July 1: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/032421-platts-to-discontinue-peru-caribbean-export-refined-product-assessments-july-1-2021

Platts first proposed these changes in a subscriber note published April 8: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/040821-platts-proposes-to-amend-rename-latin-american-and-caribbean-jet-index

The value of jet fuel for Mexico and Brazil will continue to be represented in the index by the Platts Jet CIF Eastern Mexico assessment (AATFG00) and the Platts Jet CFR Santos assessment (AJAAD00), respectively.

Following the change, the regional index will be renamed the Latin America jet fuel index. This is one of five indices that comprise the Platts Global Jet Fuel Index, accounting for 4.08% of the total.

The Platts Global Jet Fuel Index is a weighted average of Platts jet fuel assessments from major global trading, supply and demand centers. The weightings in the index represent a broad view of proportional demand for jet fuel around the world. The proposed change would not impact the weighting of the regional index in the calculation of the Global Jet Fuel Index.

The affected assessments are:

These assessments appear on Platts Global Alert page 115, in US Marketscan and in the Platts price database under the codes above.

Please send any further feedback, comments or questions to americas_products@spglobal.comand 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.