Subscriber note: Platts to launch LSWR cash differential assessment

Platts proposes to launch a new assessment of the physical market differential for LSWR loading from Indonesia on an FOB basis. The differential assessment, planned for launch on July 2, 2012, would reflect the value of LSWR trading as a premium or discount relative to the price published by Platts around the time of loading for 180 CST high sulfur fuel oil around loading for cargoes loading from Singapore. Platts has published an assessment of outright prices for FOB Indonesia LSWR since 2010. Counterparties regularly bid, offer and trade the grade on a differential basis against Mean of Platts Singapore HSFO 180 CST around cargo-loading dates. This is in line with trading practices for other residual fuel oil grades in Asia. The new assessment will be published on Platts Global Alert, in Asia Pacific/Arab Gulf Marketscan, and in the Platts price assessment database. Please send all comments and questions by June 15, 2012 to asia_products@platts.com and pricegroup@platts.com.