Platts launches JKM balance-month ND derivative assessment Sept. 16

S&P Global Platts has launched a daily balance-month next-day (balmo-ND) JKM derivative assessment against a time stamp of 4:30 pm Singapore time (0830 GMT) on Sept. 16, 2021.

The assessment reflects the tradable value of the financially settled derivative contract, which settles against the remaining yet-to-be published assessments for the relevant JKM month, starting from the next day of publication.

For example, on Sept. 16, when the physical JKM pricing period is November, the JKM balmo-ND price assessment will reflect the tradable value of JKM November values from Sept. 17 to Oct. 15. On Sept. 17, the JKM balmo-ND price assessment will roll to reflect the JKM November values from Sept. 20 to Oct. 15.

However, Sept. 18 is a Saturday, therefore the roll will take place on the next business day, which is Monday, Sept. 20. Platts will consider bids, offers and trade information of a minimum of 25 lots (one lot is equivalent to 10,000 MMBtu) for this assessment, matching the minimum lot size considered in its other JKM derivatives assessments.

Platts first proposed to launch this assessment in a subscriber note published Aug. 5, 2021 (https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/080521-platts-proposes-to-launch-jkm-balance-month-nd-derivative-assessment).

The balmo-ND assessment is published from the first publication day of the new JKM pricing month and ends two business days before the end of the pricing month. For example, the JKM balmo-ND price assessment reflecting the tradable value of JKM November values will be available from Sept. 16 to Oct. 13.

The new assessment reflects market values prevailing at the close of Asian markets and follows the Platts Singapore publication calendar. All prices are published in US dollars per million British Thermal Units ($/MMBtu) to three decimal places.

This assessment appears in LNG Daily, Platts LNG Alert page 820, Platts Natural Gas Alert page 1031 and under the Platts price database code LJKMB00.

Please send all comments, feedback and questions to LNGeditorialteam@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.