Platts changes name, roll timing for CFR Brazil gasoline differential

Platts, part of S&P Global Commodity Insights, has renamed the CFR Brazil gasoline cargo differential and changed its monthly roll timing with effect from Sept. 1, 2023, to better reflect market convention.

The decision to rename the assessment and change the roll timing was previously announced in a subscriber note published on Aug. 18, available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/081823-platts-to-change-name-roll-timing-for-cfr-brazil-gasoline-differential

The differential assessment to the NYMEX RBOB futures contract for gasoline cargoes delivered into the Brazilian market was launched on July 5, 2023.

The assessment was named:

Gasoline CFR Suape CFR Cargo Differential

On Sept. 1, this was changed to: Gasoline CFR Brazil vs NYMEX

The assessment symbol AGSUA00 will not change.

With effect from September, the differential will correlate with the front-month NYMEX RBOB futures contract from the first business day through the 10th of each month. From the first business day after the 10th through the last business day of the month, the differential will correlate with the second-month NYMEX RBOB futures contract.

For example, assessments from Sept. 1-10 will correlate with the October NYMEX RBOB futures contract, while assessments for the remainder of that month will correlate with the November NYMEX RBOB futures contract.

The differential previously rolled from the first-month NYMEX contract to the second-month contract on the first business day after the 15th of each month.

Please send any comments or questions to americas_products@spglobal.com and pricegroup@spglobal.com.

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