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15 Sep 2016 | 02:20 UTC — London
Following an extensive review with market participants, Platts will discontinue its FOB Large Cargo Propane and Butane assessments, and associated freight rates, in Northwest Europe. These assessments will no longer be published from December 1, 2016.
This announcement follows a proposal subscriber note published on May 27, 2016.
The decision to discontinue these assessments follows a lack of observable spot liquidity in these markets as market participants typically focus on CIF supplies. Associated freight routes from Norway to the Netherlands for both butane and propane will also be discontinued as they no longer reflect current spot freight routes.
For a complete list of all affected assessments and their database codes, please see the table below. These assessments are also published on Platts Global Alert page 1786 and in the LPGaswire.
ASSESSMENT CODES Propane FOB NWE 7kt AAVKH00 Butane FOB NWE 3kt+ AAVKI00 Norway-Netherlands, Propane 20kt AAVKK00 Norway-Netherlands, Butane 10kt AAVKJ00
Platts welcomes feedback and questions to europe_products@platts.com, with a cc to pricegroup@platts.com. For written comments, please provide a clear indication if the 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.