Platts launches West Japan delivered 0.5%S marine fuel bunker assessment

Platts, part of S&P Global Commodity Insights, has launched daily assessments for West Japan delivered 0.5% sulfur marine fuel bunker assessment, Aug. 1.

The West Japan assessment reflects deliveries in Setouchi (which includes Mizushima and Fukuyama ports), Kyushu (Oita port) and Hanshin areas (Kobe and Osaka ports). Activity in other ports is normalized to Setouchi after considering barging costs.

The assessment reflects parcel sizes between 500 mt and 1,500 mt for delivery 5-10 days forward from the date of publication.

The West Japan assessment reflects specifications for RMG fuels as defined by the International Organization for Standardization in document ISO 8217:2010 petroleum products -- fuels (class F) -- specifications of marine fuels, but with a maximum sulfur limit of 0.5% and a minimum viscosity of 30 CST at 50 degrees Celsius.

Buyers and sellers participating in the Platts Market on Close assessment process are required to specify three consecutive days for delivery within the assessment laycan and may submit bids and offers for the following volume range: 500-600 mt, 600-700 mt, 700-800 mt, 800-900 mt, 900-1,000 mt, 1,000-1,200 mt, 1,100-1,300 mt, 1,200-1,400 mt and 1,300-1,500 mt. Buyers must declare the exact volume to the seller within one working day after the trade has been concluded.

The assessment is published in US $/mt, reflecting market value at the close of Asian trade at 5:30 pm Singapore time, and follow the Singapore publishing schedule.

The assessment (BAMFB00) is available on Platts Bunker Alert page 2850, Platts Shipping Alert page 210 and published in Platts Bunkerwire.

The assessment adds to Platts' existing assessments of West Japan delivered 380 CST high sulfur bunker (AARJZ00) and marine diesel oil (AARKA00).

This follows a decision note, published June 24, and available here:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/062124-platts-to-launch-west-japan-delivered-05s-marine-fuel-bunker-assessment

And a proposal note, published June 3, and available here:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/060324-platts-proposes-to-launch-west-japan-delivered-05s-marine-fuel-bunker-assessment

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