19 Sep 2017 | 03:05 UTC — Singapore

SUBSCRIBER NOTE: Platts launches Singapore 10 ppm gasoil related assessments

Following industry feedback, S&P Global Platts launched new temporary assessments for gasoil cash differentials against the FOB Singapore Gasoil 0.001% (10 ppm) assessment, and for a Gasoil 10 ppm MOPS Strip, ahead of the move in January 2018 to the ultra low sulfur benchmark. The new assessments were launched September 18, 2017.

Platts also introduced eWindow technology for the Asian Market on Close assessment process on these new gasoil assessments, allowing market participants to bid and offer basis MOPS Gasoil 10 ppm from September 18, 2017.

The codes for the new assessments are as follows: Symbol UOM Description AAQFR00 BBL Gasoil 10 ppm MOPS Strip AAQKR00 BBL Gasoil FOB Spore Cargo vs Gasoil 10 ppm MOPS Strip AAQGR00 BBL Gasoil .001%S (10ppm) FOB Spore vs Gasoil 10 ppm MOPS Strip AAQIR00 BBL Gasoil .005%S (50ppm) FOB Spore vs Gasoil 10 ppm MOPS Strip AAQHR00 BBL Gasoil .05%S (500 ppm) FOB Spore vs Gasoil 10 ppm MOPS Strip AAQJR00 BBL Gasoil .25%S (2500ppm) FOB Spore Cargo vs Gasoil 10 ppm MOPS Strip

These new assessments can be found on Platts Global Alert pages 2404,2405, 2410 and 2411 and in the Platts Asia Pacific/Arab Gulf Marketscan.

In December 2016, Platts announced plans to lower the sulfur specification of its flagship Singapore Gasoil assessment to 10 ppm from the current 0.05% (500 ppm) on January 2, 2018.

At the same time, Platts announced plans to lower the sulfur specification of its flagship Arab Gulf Gasoil netback assessment, and all other current 500 ppm gasoil cargo assessments, to 10 ppm concurrently. The lower sulfur specifications reflect changing supply and demand trends across the regions.

Please send all comments, feedback and questions to asia_products@spglobal.com and pricegroup@spglobal.com

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