Platts launches Gasoline Premium 10 ppm Non-Oxy FOB AR barge assessment Aug 12

Platts, part of S&P Global Commodity Insights, has launched a new daily assessment for FOB Amsterdam-Rotterdam (AR) Non-oxygenated Premium 10 ppm gasoline barges (GPUNO00) and related monthly averages, effective Aug. 12, amid market interest and an observed increase in the volume of non-oxy premium 10 ppm gasoline trading in the Northwest European market.

Platts understands that ex-refinery material of non-oxy finished grade gasoline, also known as non-oxy 'Euros' material, represents an increasingly larger portion of the Northwest European break-bulk market, and market feedback has supported the introduction of a new assessment reflecting non-oxy finished grade gasoline to capture this trend.

The new Premium 10 ppm Non-Oxy FOB AR barge assessment reflects the value of bids and offers for parcel sizes of 1,000 mt. In the Platts Market on Close assessment process, bids and offers may be published in multiples of 1,000 mt, up to a maximum of 5,000 mt.

The assessment reflects material conforming to EN 228 standard for 95 RON, 85 MON and a reference density of 0.755 kg/l. The maximum sulfur content is 10 ppm, and the aromatics limit is maximum 35%.

Platts assesses the value of non-oxy finished grade gasoline barges loading on an FOB AR basis 3-15 days forward from date of publication on Mondays and Tuesdays, and 5-15 days forward on Wednesdays through Fridays.

All bids, offers and trades will be published FOB Amsterdam-Rotterdam. In the event of an expression of interest to trade, a seller will be able to nominate any standard terminal in Amsterdam/Rotterdam.

Loading nominations at Antwerp or Terneuzen will also be reflected in the assessment. Where Antwerp or Terneuzen are nominated, any demonstrable incremental costs incurred by the buyer should be borne by the seller.

The decision to launch the new Gasoline Premium 10ppm Non-Oxy FOB AR barge assessment was published in a subscriber note on June 30, which can be found here.

Platts FOB AR gasoline eWindow instruments

Platts has launched eWindow instruments for NWE Brg Smr 10 ppm Non-Oxy, coinciding with the launch of the new Gasoline Premium 10 ppm Non-Oxy FOB AR barge assessment, effective Aug. 12.

Participants in the MOC will be able to submit bids or offers on a flat price basis for Gasoline Premium 10 ppm Non-Oxy FOB AR barges for publication directly through the eWindow communication tool or do so through an editor who would then publish the bids and offers using the software. Bids and offers may be published in multiples of 1,000 mt, up to a maximum of 5,000 mt.

Platts has established clearly defined timing guidelines and standards of incrementability that apply when publishing bids and offers in the MOC in order to ensure an orderly and transparent price assessment process, more details can be found here: oil-timing-increment-guidelines.pdf.

For further details on existing Platts European gasoline assessments, including Platts established Gasoline Prem Unleaded 10ppmS FOB AR Barge assessment (PGABM00), please refer to regional methodology and specifications guides at: refined-products-europe-africa-specifications.pdf .

Platts continues to engage with relevant stakeholders and monitor for new fuel specification standards as they emerge to ensure its assessments reflect fuel grades that are most widely used.

Please send any feedback, questions or comments to europe_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.