NYMEX basis for USGC C30 ULSD and LSD changes May 31

May 31, 2011, is the 30th shipping cycle's scheduling deadline for Colonial Pipeline's off-road low sulfur diesel and ULSD.

The cash differentials for this cycle trade against the June NYMEX heating oil contract.

However, the June heating oil contract expires at 1:30 p.m. CDT, 45 minutes before the end of the Platts Market on Close assessment process.

Because of this, on May 31, all US Gulf Coast ULSD and LSD bids, offers and transactions will be marked against the July NYMEX heating oil contract.

For questions or comments, contact americas_products@platts.com.