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

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S&P Global Commodity Insights, has discontinued some of its assessments, including freight differentials that have been superseded and Malaysian CPO futures, to reflect ongoing market dynamics, with effect from Nov. 1, 2022.

Platts decided to discontinue these assessment on Oct. 3, 2022 in a subscriber note published here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/100322-platts-to-discontinue-container-freight-differentials-from-europe-to-north-asia-and-bmd-m1-m2-futures, following a proposal on Sept.19, 2022 in a subscriber note published here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/091922-platts-proposes-to-discontinue-container-freight-differentials-from-europe-to-north-asia-and-bmd-m1-m2-futures.

Platts is no longer publishing 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 has also discontinued 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 Southeast 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).

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