Platts proposes launch of NYMEX RBOB differential assessment for delivered gasoline to Brazil

As part of its commitment to providing insight into new markets, Platts, part of S&P Global Commodity Insights, is proposing to publish a differential assessment to the NYMEX RBOB futures contract for gasoline cargoes delivered into the Brazilian market with effect from July 5.

The differential to NYMEX RBOB futures would represent the value of cargoes of 250,000-350,000 barrels meeting Brazils specifications before blending with ethanol, delivered on a CFR basis to Suape 15-30 days forward from the day of publication, with single port discharge. The differential assessment would be published in cents/gal.

For publication from the first business day to the 15th of each month, the published differential would correlate with the front-month futures contract. From the first business day after the 15th to the last business day of the month the differential would correlate with the second month futures contract.

For example, assessments from Aug. 1-15 would correlate with the September NYMEX RBOB futures contract while assessments for the remainder of that month would correlate with the October NYMEX RBOB futures contract.

Platts would publish the assessments in the Latin American Wire and US Marketscan and on pages 164, 165, 370, and 371 of the PGA and PRF service lines.

These assessments follow the 2018 launch of outright values for gasoline, jet fuel and ULSD cargoes delivered into the Brazilian market.

Please send all comments or questions to americas_products@spglobal.com and pricegroup@spglobal.com by June 8.

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.