SUBSCRIBER NOTE: Platts confirms discontinuation of FOB Singapore spot naphtha assessment

Platts confirms it will discontinue its FOB Singapore naphtha cash differential and flat price spot assessments with effect from July 1, 2016.

Platts proposed this discontinuation in a subscriber note published November 9, 2015.

The following FOB Singapore naphtha assessments will be discontinued: FOB Singapore spot naphtha (under the code AAOVE00), FOB Singapore naphtha premium (under the code PAADC00), Monthly Average FOB Singapore spot naphtha (under the code AAOVE03) and Monthly average FOB Singapore naphtha premium (under the code AAFDE00).

Platts has no plans to change or amend the methodology for its current outright FOB Singapore naphtha netback assessments (under the code PAAAP00).

The discontinuation reflects changing market conditions, which have seen Singapore evolving into a net naphtha importer from exporter.

These assessments are currently published on Platts Global Alert, Platts Asia Pacific Arab Gulf Marketscan and in the Platts price assessment database.

Please send all comments, feedback and questions to pl_asia_oilproducts@platts.com and pricegroup@platts.com.

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Platts will consider all comments received and will make comments not marked as confidential available upon request.