SUBSCRIBER NOTE: Platts launches delivered Durban bunker assessments

Platts has launched two new delivered bunker fuel assessments for South Africa's Durban bunker fuel market, reflecting the value of 180 CST bunker fuel and marine gasoil delivered by barge in Durban, following feedback to a subscriber note published on May 9, 2016.

These delivered assessments took effect from Friday, July 1, and reflect existing specifications and delivery date ranges that currently prevail for existing Durban ex-wharf assessments.

These two new assessments reflect a change in trading dynamics in Durban, where traders have reported that bunker fuel is increasingly traded on a delivered basis.

At the same time, participants in the Durban market report the volume of trading on an ex-wharf basis has fallen.

Platts will, therefore, discontinue existing ex-wharf Durban assessments with effect from December 1, 2016.

Delivered and ex-wharf assessments will be published alongside each other for a period of time to allow for comparison of relative value.

Platts publishes ex-wharf Durban 180 CST fuel oil assessments in Platts Bunkerwire, on Platts Global Alert and in its market assessment price database (the daily assessment is databased using code PUABR00, the monthly average database code is PUABR03).

Platts existing ex-wharf MGO assessment is published across the same locations (daily as AAXDB00, monthly average as AAXDB03).

Please send comments and questions to europe_products@platts.com with a CC to pricegroup@platts.com.

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