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01 Jun 2016 | 06:22 UTC — Houston
Following a feedback period that started April 22, Platts has updated the assessments and weighting used in the Latin and Central America Gasoil Index, a regional index that also forms part of the Platts World Gasoil Index, to reflect changing market dynamics and specifications, effective June 1, 2016.
The three indices directly affected by the update are:
Assessment Code Gasoil Index Latin America Cts/Gal (PGLAT07) Gasoil Index Latin America $/Bbl (PGLAT08) Gasoil Index Latin America $/MT (PGLAT09)
Ten major regions are represented in the global index, and each region is comprised of assessments of the value of various specifications of gasoil at specific trading locations. Each of the individual Platts assessments is given a weighting in the regional baskets, based primarily on uplift data and trading volume.
The Latin and Central America gasoil index was previously made up of three assessments:
Assessment Code Weight Gasoil Argentina Spot (POAFH00) 10% Gasoil Carib Spot (POAAU00) 30% No2 US Gulf Coast Waterborne (POAEE00) 60%
Platts has changed the composition of the index to the following six assessments:
Assessment Code Weight Argentina ULSD (AAXWZ00) 10% Ecuador ULSD (AAXWF00) 10% Mexico ULSD (AAXWE00) 15% Peru ULSD (AAXWY00) 15% Gulf Coast Export ULSD (AAXRV00) 40% No2 US Gulf Coast Waterborne (POAEE00) 10%
The changes reflect increased flow of ULSD into Latin America, specifically from the US Gulf Coast, the decrease in flows of high sulfur heating oil into the region, and the July 1, 2016, discontinuation of the Platts Caribbean and Argentina gasoil assessments.
Platts has implemented these changes effective June 1, 2016.
Please send comments and feedback to americas_products@spglobal.com and 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.