Platts proposes Shanghai bunker assessment

Platts is seeking feedback on a proposal to launch of Shanghai bunker assessments for 180 CST, 380 CST bunker fuel and marine gasoil oil.

The daily assessments would reflect bids, offers and trades for bunker fuel delivered in Shanghai in eastern China.

The port is considered among the top three busiest globally.

Currently, Shanghai's annual bunker sales are estimated at 1.2-1.8 million mt, with container vessels accounting for the largest share of bunker sales volumes at more than 50%, followed by bulk carriers.

Typical trading volumes in Shanghai range from 300mt to 2,500mt.

The assessment would reflect market activity 3-7 days out of publication.

The price assessments will appear in Platts Bunkerwire, PGA Bunker add-on pages and Platts Dispatch.

Please send all comments to asia_bunkers@platts.com and pricegroup@platts.com.