SUBSCRIBER NOTE: US clean refined products to be assessed versus 2nd-month NYMEX on expiry day

Following consultation with the industry, Platts will be assessing all US clean refined products versus the second-month NYMEX futures contracts on expiration day at the end of each month with immediate effect.

This affects assessments in the Gulf Coast, Atlantic Coast, Midwest and West Coast markets. All prompt and standard deals for Group 3 will be assessed versus the second-month contract on expiration day.

As a result, on July 29, 2016, Platts will assess US Gulf Coast ULSD (62 grade), jet fuel (54 grade) and No. 2 heating oil (77 grade) for Colonial Pipeline cycles using the NYMEX September ULSD futures contract as the basis.

For 54 grade, Platts will assess C42 against the September ULSD futures contract on July 29 and August 1. C42 for 62 grade will be assessed against the September ULSD futures contract on July 29, August 1 and August 2. C41 77 grade will be assessed versus the September ULSD futures contract on July 29, and all of C42 77 grade will be assessed against the September contract.

Through July 28, Gulf Coast ULSD, jet fuel and No. 2 heating oil prompt cycles will be assessed against the NYMEX August ULSD futures contract.

This basis change will be reflected in C41 and C42 eWindow instruments.

For questions or comments, please email americas_products@platts.com and pricegroup@platts.com.