SUBSCRIBER NOTE: Platts amends CIF, FOB naphtha Mediterranean netback specifications

S&P Global Platts has amended its Naphtha Cargoes FOB Med and Naphtha Cargoes CIF Med netback assessments to reflect open specification, effective Tuesday, August 1, 2017.

The assessments previously included both full range and paraffinic grades, with value normalized to reflect 65% minimum paraffin content.

Platts has now aligned its Naphtha Cargoes FOB Med and Naphtha Cargoes CIF Med netback assessments with its Naphtha Cargoes CIF NWE assessment, which reflects open specification material with a minimum of 65% paraffin content and a typical specific gravity of 0.69 to 0.735 kg/liter.

The Naphtha Cargoes FOB Med assessment is established as a netback from the CIF Northwest Europe assessment, using the Med-UK Continent clean tanker rate for 27,500 mt naphtha cargoes.

The Naphtha Cargoes CIF Med assessment is established as a net-forward from the FOB Med naphtha assessment, using the cross-Med clean tanker rate for 27,500 mt naphtha cargoes.

This follows a decision published on June 16, 2017.

The subscriber note is available here: https://www.platts.com/subscriber-notes-details/26754514. Please send any comments and queries to europe_products@spglobal.com with a cc to pricegroup@spglobal.com.

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