Platts proposes to discontinue container freight differentials from Europe to North Asia and BMD M1, M2 futures

Platts, part of S&P Global Commodity Insights, proposes to discontinue some of its biofuels assessments to reflect ongoing market dynamics, including freight elements that have been superseded and Malaysian CPO futures, with effect from Nov. 1, 2022.

Platts will no longer publish assessments of container freight differentials that were previously used to adjust values for UCO CIF ARA to FOB North Asia from Nov. 1. As a result of the industry shift from containerized transportation in favor of shipments in bulk, the UCO North Asia assessment was changed to reflect bulk cargoes between 3,000 mt to 10,000 mt on Nov. 1, 2021 (as per the subscriber note published here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/110121-platts-amends-volume-reflected-in-uco-north-asia-assessment-november-1).

Platts also proposes to discontinue its spot assessments of Bursa Malaysia CPO Month 1 and Month 2 futures, with effect from Nov. 1, 2022. The Bursa Malaysia CPO Month 1 and Month 2 futures were previously considered within the assessment process for South East Asia biodiesel but are no longer relevant to that assessment since a change in the reflected laycan, as of July 1, 2020 (as per the subscriber note published here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/070120-platts-changes-southeast-asia-biodiesel-assessment-time-laycan-july-1).

Please send any comments, feedback or questions by Oct. 3, 2022, to asia_ags@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.