Platts to amend methodology for USAC 0.3%S LP, HP, 0.7%S fuel oil assessments

S&P Global Platts will amend its methodology for assessing the US Atlantic Coast 0.3%S high pour, 0.3%S low pour, and 0.7%S fuel oil assessments, with effect from Oct. 1, 2020, until the assessments are discontinued in January of 2022.

S&P Global Platts will amend its methodology for assessing the US Atlantic Coast 0.3%S high pour, 0.3%S low pour, and 0.7%S fuel oil assessments, with effect from Oct. 1, 2020, until the assessments are discontinued in January of 2022.

This was previously published in a subscriber note July 17, 2020: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/071720-platts-to-discontinue-usac-03s-lp-hp-07s-assessments-in-january-2022

Beginning Oct. 1, 2020, Platts will no longer reflect bids, offers and trades for 0.3%S HP, 0.3%S LP or 0.7%S in these assessments, and these assessments will be calculated on the following basis.

Platts will calculate the value of 0.3%S HP and 0.3%S LP using a ratio of 1.03 times the value of the US Atlantic Coast Marine Fuel 0.5%S assessment in $/b (assessment code AUAMA00) each day. Platts will calculate the value of 0.7%S fuel oil using a ratio of 0.90 times the USAC Marine Fuel 0.5%S $/b assessment.

These ratios were based on an analysis of historic sulfur spreads relative to 0.5%S Marine Fuel in the physical USAC market.

Please send any further comments or feedback on this decision 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.