SUBSCRIBER NOTE: Platts launches temporary Singapore gasoil 10 ppm derivatives assessments

Following industry feedback, Platts has launched new temporary assessments for FOB Singapore Gasoil 10 ppm derivatives.

The new assessments will be launched August 1, 2017, under the name "Interim Gasoil Swaps" and cover the contract months of October, November and December.

Platts will introduce eWindow technology for the Asian Market on Close assessment process for the new swaps concurrently with their launch on August 1, 2017.

Bids, offers and trades for Gasoil 10 ppm will appear in the eWindow software under the product name "Platts GO" and under the hub name "10 ppm Sing". Headlines generated by the software on Platts Global Alert will carry the prefix Platts GO and include the hub name.

These new assessments can be found on Platts Global Alert page 2654 and in the Platts Asia Pacific/Arab Gulf Marketscan.

The codes for the new assessments are as follows.

Symbol UOM Description AAOZA00 BBL Gasoil .001%S (10ppm) FOB Spore Cargo Swap BalMo AAOZB00 BBL Gasoil .001%S (10ppm) FOB Spore Cargo Swap Mo01 AAOZC00 BBL Gasoil .001%S (10ppm) FOB Spore Cargo Swap Mo02

The new swaps assessments will support the continued creation of a MOPS Strip for the valuation of physical gasoil cargoes shown on a floating price basis for assessment as Platts transitions its flagship FOB Singapore Gasoil benchmark from a high sulfur basis to a lower sulfur basis.

This interim MOPS Gasoil 10 ppm Strip will be published from September 18, 2017, alongside the existing MOPS Gasoil Strip.

Similarly, FOB Singapore physical cash differentials against both strips will be published from this date.

Platts will also introduce eWindow technology for the Asian MOC assessment process for gasoil to allow market participants to bid and offer basis MOPS Gasoil 10 ppm concurrently with the launch of the MOPS Gasoil 10 Strip September 18, 2017.

Details of the new Platts Global Alert pages and codes for the new interim assessments will be announced at a later date.

In December 2016, Platts announced plans to lower the sulfur specification of its flagship Singapore Gasoil assessment to 10 ppm from the current 0.05% (500 ppm) on January 2, 2018.

At the same time, Platts announced plans to lower the sulfur specification of its flagship Arab Gulf Gasoil netback assessment, and all other current 500 ppm gasoil cargo assessments, to 10 ppm concurrently.

The lower sulfur specifications reflect changing supply and demand trends across the regions.

Please send all comments, feedback and questions to asia_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 those not marked as confidential available upon request.