Platts launches FOB Straits neat SAF netback assessment

Platts, part of S&P Global Commodity Insights, has launched a FOB Straits, neat sustainable aviation fuel freight netback assessment, Oct. 1.

Platts recognizes an increased need for SAF price information within Asia and will continue to track the market and the development of spot trading within the region.

The netback price assessment is on basis CIF Northwest European neat sustainable aviation fuel cargo assessment (AJNWD00) and take into account the Clean Tanker Carbon-Accounted Medium Range 40kt Arab Gulf-UKC lump sum (ABNAY00), the Arab Gulf-UK Continent 40kt Cape of Good Hope Differential $/lsm (ACGHG00), and a market based premium to reflect the Straits/Singapore-Arab Gulf freight.

The new assessments are:

Platts will update the freight premium based on feedback gathered from the market, such feedback will be published as price heards.

The FOB Straits SAF assessment reflects neat SPK-HEFA SAF in line with the European assessment methodology that can be found here .

The SAF price assessments are published in the Biofuelscan, Fuel Ethanol report and Biomass-Based Diesel report under the main symbols above and published in the Oilgram Price report and the Asia-Pacific/Arab Gulf Marketscan under the mirror symbols.

Please submit any feedback, comments, or questions to mrts_biofuelsandfeedstocks@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.