Platts to launch Japan gasoil differential assessment

Following industry feedback, Platts will launch a new assessment of the physical market differential for gasoil delivered to Japan on a C+F basis.

Platts will launch the differential assessment on July 2, 2012, and it will reflect the value of gasoil trading as a premium or discount relative to the price published by Platts around the time of loading for gasoil on an FOB Singapore basis.

Platts has published an assessment of outright prices for C+F Japan gasoil since 1990. Since that time, market activity has evolved and counterparties now regularly bid, offer and trade the grade on a differential basis against Mean of Platts Singapore Gasoil around cargo-loading dates.

This is in line with trading practices for other gasoil 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 under the code AAWVG00.

Please send any remaining comments and questions to asia_products@platts.com and pricegroup@platts.com.