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24 May 2024 | 12:51 UTC
Platts, part of S&P Global Commodity Insights, has corrected the Jet CIF NWE Cargo PJAAU00 Assessment Rationale for May 23, which should read as follows:
The CIF NWE jet fuel cargo assessment was based on the following inputs, expressed as differentials to the front-month ICE LSGO futures contract: Value on June 4 and 6 was assessed at $62.75/mt, factoring in an outstanding offer in the Platts Market on Close assessment process. Value on June 8 was assessed at $63.83/mt, factoring in an outstanding bid and offer. Value on June 9 was assessed at $63.85/mt factoring an outstanding bid, while value on June 10 was assessed at $62.75/mt, factoring in an outstanding offer in the Platts Market on Close assessment process.
A flat structure was applied to the front and to the back of the physical curve.
This rationale appears in the Platts European Marketscan.