Platts clarifies that USGC blendstocks FOB basis market indications may be published in MOC

Platts, part of S&P Global Commodity Insights, would like to clarify that bids, offers, and expressions of interest to trade US Gulf Coast alkylate, reformate, and raffinate barges on an FOB basis may be published in the Americas blendstocks physical Market on close assessment process, but maybe normalized to DAP basis for assessment purposes.

Platts currently assesses the value of the US Gulf Coast alkylate, reformate, and raffinate barges reflecting shipments of at least 50,000 barrels, basis DAP Houston, for delivery 3-15 days forward from the date of publication.

However, Platts understands that market participants also trade on an FOB basis and therefore will start publishing market information on such terms.

Platts understands that FOB operations have become significantly relevant in the physical alkylate market in the US Gulf Coast in recent years.

Platts USGC blendstocks assessments include differentials against NYMEX RBOB futures, outright assessments as well as differentials to Gulf Coast pipeline unleaded 87 and waterborne unleaded 87 gasoline.

Alkylate barge specifications will be normalized to reflect value for 92 (R+M)/2 and 5 RVP for the assessment.

Reformate barges will be normalized to reflect value for 100 (R+M)/2 and 1 RVP for the assessment while raffinate barges will be normalized to reflect value for 60 (R+M)/2 and 4 RVP for the assessment.

Please send all comments, feedback, and questions to americas_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.