01 Jul 2024 | 03:27 UTC

Platts launches Arab Gulf financial derivative crack values July 1

Platts, part of S&P Global Commodity Insights, has begun publishing the values of financially settled product crack derivative contracts for the Arab Gulf refined products against the Dubai and Brent financial contracts, respectively, as of July 1.

Platts has started publishing crack derivative values for the first two months -- Month 1 and Month 2 -- for the following MOPAG products: Naphtha, Gasoline 95, Gasoline 92, Kerosene, Gasoil and HSFO380 CST, and for the following MOPFUJ product: 0.5% Marine Fuel.

These crack derivative values will be calculated from the existing Platts assessments for the respective MOPAG and MOPFUJ refined products and crude derivatives at the close of Asian trade at 4:30 pm Singapore time (0830 GMT).

The underlying MOPAG and MOPFUJ refined product derivatives are assessed based on bids, offers or trades seen in the Platts Market on Close assessment process. In the absence of any bids, offers or trades in the MOC, information seen on derivatives exchanges or heard in over-the-counter markets may be taken into consideration.

In the absence of any observable activity for MOPAG refined product derivatives on the day, Platts will take into consideration the Japan derivatives for naphtha and the respective Singapore derivatives for gasoline, kerosene, gasoil and fuel oil, coupled with freight netback and forward freight agreement values.

The assessment symbols are as follows:

Description Symbol
FO 380 CST 3.5% FOB Arab Gulf Cargo Brent Crack At Spore MOC Financial Mo01 FOMOC01
FO 380 CST 3.5% FOB Arab Gulf Cargo Brent Crack At Spore MOC Financial Mo02 FOMOC02
FO 380 CST 3.5% FOB Arab Gulf Cargo Dubai Crack Financial Mo01 FOCST01
FO 380 CST 3.5% FOB Arab Gulf Cargo Dubai Crack Financial Mo02 FOCST02
Gasoil FOB Arab Gulf Cargo Brent Crack at Spore MOC Financial Mo01 GACBC01
Gasoil FOB Arab Gulf Cargo Brent Crack at Spore MOC Financial Mo02 GACBC02
Gasoil FOB Arab Gulf Cargo Dubai Crack Financial Mo01 GAFOB01
Gasoil FOB Arab Gulf Cargo Dubai Crack Financial Mo02 GAFOB02
Gasoline 92 RON FOB Arab Gulf Brent Crack at Spore MOC Financial Mo01 GAMOC01
Gasoline 92 RON FOB Arab Gulf Brent Crack at Spore MOC Financial Mo02 GAMOC02
Gasoline 92 RON FOB Arab Gulf Dubai Crack Financial Mo01 GARON01
Gasoline 92 RON FOB Arab Gulf Dubai Crack Financial Mo02 GARON02
Gasoline 95 RON FOB Arab Gulf Brent Crack at Spore MOC Financial Mo01 GSMOC01
Gasoline 95 RON FOB Arab Gulf Brent Crack at Spore MOC Financial Mo02 GSMOC02
Gasoline 95 RON FOB Arab Gulf Dubai Crack Financial Mo01 GSRON01
Gasoline 95 RON FOB Arab Gulf Dubai Crack Financial Mo02 GSRON02
Jet Kero FOB Arab Gulf Cargo Brent Crack at Spore MOC Financial Mo01 JKMOC01
Jet Kero FOB Arab Gulf Cargo Brent Crack at Spore MOC Financial Mo02 JKMOC02
Jet Kero FOB Arab Gulf Cargo Dubai Crack Financial Mo01 JKFOB01
Jet Kero FOB Arab Gulf Cargo Dubai Crack Financial Mo02 JKFOB02
Marine Fuel 0.5% FOB Fujairah Cargo Brent Crack At Spore MOC Financial Mo01 MFMOC01
Marine Fuel 0.5% FOB Fujairah Cargo Brent Crack At Spore MOC Financial Mo02 MFMOC02
Marine Fuel 0.5% FOB Fujairah Cargo Dubai Crack Financial Mo01 MFFOB01
Marine Fuel 0.5% FOB Fujairah Cargo Dubai Crack Financial Mo02 MFFOB02
Naphtha FOB Arab Gulf Cargo Brent Crack at Spore MOC Financial Mo01 NAMOC01
Naphtha FOB Arab Gulf Cargo Brent Crack at Spore MOC Financial Mo02 NAMOC02
Naphtha FOB Arab Gulf Cargo Dubai Crack Financial Mo01 NAFOB01
Naphtha FOB Arab Gulf Cargo Dubai Crack Financial Mo02 NAFOB02

The new assessments are available on Platts Refined (PRF) and Platts Global Alert (PGA) page 2029.

Please send any further feedback, comments and queries to asia_products@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make those not marked as confidential available upon request.