SUBSCRIBER NOTE: Platts launches FOB Singapore high sulfur 92 RON cash differential

S&P Global Platts has launched a FOB Singapore high sulfur 92 RON gasoline cash differential assessment on July 1, 2019.

Platts first announced the new assessment in a note published on July 27, 2018. (https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/072718-p latts-to-launch-fob-singapore-high-sulfur-92-ron-cash-differential)

The new assessment can be found in the Asia Pacific/Arab Gulf Marketscan and Platts Global Alert pages PGA 2304, 2305, 2310 and 2311.

The new assessment will carry the following symbols starting July 1, 2019.

Symbol Frequency UOM Description PGAFY00 Daily BBL Gasoline Unl 92 (500ppm) FOB Spore Cargo Cash Diff $/bbl PGAFY03 Monthly BBL Gasoline Unl 92 (500ppm) FOB Spore Cargo Cash Diff $/bbl MAvg

The new cash differential assessment will continue to capture the current demand for high sulfur 92 RON gasoline from countries such as Indonesia, as well as other Asian countries consuming high sulfur 92 RON gasoline.

The cash differential will be assessed against the benchmark FOB Singapore 92 RON gasoline assessment, which has a sulfur level of 50 ppm, starting from July 1, 2019.

Separately, Platts has amended the FOB Singapore 92 RON, 95 RON and 97 RON assessments to reflect low sulfur gasoline with effect from July 1, 2019, as seen in a subscriber note published on July 1, 2019.

For the cash differential assessment, Platts will survey the market to determine the tradable levels for cargoes loading/delivering 15-30 days forward.

This assessment reflects Indonesian 92 RON gasoline specification with specific gravity between 0.715 g/ml and 0.77 g/ml and with a current maximum sulfur content of 500 ppm. The assessment reflects cargo sizes ranging between 100,000 barrels and 200,000 barrels.

Please send all feedback or questions to asia_products@spglobal.com and pricegroup@spglobal.com

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