SUBSCRIBER NOTE: Platts proposes new refined product assessments for Mexico

As part of its commitment to provide insight into developing markets, S&P Global Platts proposes to start publishing a number of new assessments for refined products delivered into Mexico, with effect from September 1, 2017.

The Mexican energy sector is undergoing significant change, with private companies now allowed to import, distribute and sell transport fuel.

Liberalized retail pricing is being introduced in phases this year.

With domestic refineries unable to meet demand for road fuels, Mexico imports a significant volume of refined products, with the overwhelming majority coming from the US.

Platts already assesses gasoline and ULSD on a delivered basis at the port of Tuxpan on the Gulf of Mexico.

Platts is now proposing to add assessments for gasoline, ULSD and jet fuel on a delivered basis to Mexico's Pacific coast, meeting the country's specifications.

There would be separate assessments for the northern part of the Pacific coast, basis CIF Rosarito, and the southern part, basis CIF Lazaro Cardenas.

Platts is also proposing to add a new assessment for jet fuel on a delivered basis at Tuxpan, meeting the country's specifications.

All of the new assessments would represent the value of a delivered cargo of 250,000-350,000 barrels of product.

For Tuxpan, the assessments will reflect a delivery period of 7-21 days forward from the day of assessment.

For the Pacific Coast, the assessments will reflect a delivery period of 21-35 days forward.

All of the Mexican refined product assessments will be published in $/barrel and the equivalent Mexican Pesos/liter value, including the two existing assessments on the Gulf of Mexico that are currently published just in $/barrel.

Platts is seeking feedback by August 11 on its proposal to launch the new Mexican assessments.

Please send all comments to americas_products@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

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