Refined Products, Crude Oil, Diesel-Gasoil

October 19, 2023

Platts proposes renaming, adding new symbols for intraday NYMEX ULSD, RBOB futures assessments

HIGHLIGHTS

Platts proposes new 9.00 a.m. CT NYMEX ULSD, RBOB intraday assessments

Also proposing renaming existing London close NYMEX ULSD, RBOB assessments

Would continue to publish two sets of intraday assessments during Houston morning

Platts, part of S&P Global Commodity Insights, is proposing to launch new intraday assessments effective Dec. 1, reflecting the prevailing values of the front- and second-month NYMEX RBOB and NYMEX ULSD futures contracts at 9 am Central Time.

The proposed assessments would be published in accordance with the Houston publishing schedule and be databased under the respective codes and appear in Platts Global Alert and Platts Refined Products Alert page 302.

Platts already publishes two sets of intraday assessments from Houston for the front- and second month NYMEX RBOB and NYMEX ULSD futures contracts, the first set being published at 9:00 a.m. CT and the second at the close of the European market at 4:30 pm London time, which aligns with 10.30 am CT for most of the year.

The two sets of intraday assessments are currently published using the same symbols, which has led to some subscriber requests to add a second set of symbols so that the two sets of intraday assessments can be independently published.

This proposal would see new assessments published with new symbols for the first set of intraday assessments at 9.00 a.m. CT, while the existing symbols would continue to be used for the second set at the London close.

Coinciding with the launch of the new symbols, Platts is also proposing to rename the existing intraday NYMEX RBOB and ULSD assessments to make clear that they reflect the prevailing values of these futures contracts at the London close.

The affected symbols and proposed nomenclature, effective Dec. 1, are listed below:

Symbol Current name Proposed new name
XUHU100 Intraday NYMEX RBOB Mo01 London close NYMEX RBOB Mo01
XUHU200 Intraday NYMEX RBOB Mo02 London close NYMEX RBOB Mo02
XUHO100 Intraday NYMEX NY ULSD Mo01 London close NYMEX NY ULSD Mo01
XUHO200 Intraday NYMEX NY ULSD Mo02 London close NYMEX NY ULSD Mo02

These assessments are databased under the respective codes and appear in European Marketscan, US Marketscan, as well as in Platts Global Alert and Platts Refined Products Alert pages 302 and 703, and in Platts Crude Oil Alert page 703.

Please send all comments or questions by Nov. 1, to americas_products@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.