Refined Products
November 11, 2025
Platts proposes to launch weekly Group II 70N base oil FOB Asia, CFR India assessments
Platts, part of S&P Global Commodity Insights, proposes to launch weekly Group II 70N base oil spot assessments for FOB Asia and CFR India, effective Jan. 21, 2026.
The proposed assessments would reflect spot cargoes for:
Group II
| Grade | Basis | Quantity | Laycan | Location |
| 70N | FOB Asia | 1,000 mt in bulk | 15-45 days forward | South Korea, Taiwan |
| 70N | CFR India | 1,000 mt in bulk | 15-45 days forward | Mumbai |
The new assessments would be published in $/mt and would take into consideration price information gathered during the week ahead of the assessment, with indications normalized to the close at 4:30 pm Singapore time on Wednesday of each week.
The assessments would reflect the values of physical base oils cargoes at the close of 4:30 pm Singapore time on Wednesday and would follow the Singapore publishing schedule. When a Singapore public holiday falls on the planned publishing day, the assessment would be published the day prior to the public holiday.
Details of the proposed specifications:
Group II 70N
| ASTM Color | Maximum 0.5 |
| Viscosity at 100 degrees Celsius | 2.7-3.3 millimeters squared per second |
| Viscosity Index | Minimum 76 |
| Flash Point | Minimum 160 degrees Celsius |
| Pour Point | Maximum -24 degrees Celsius |
Pricing information with terms, locations, and specifications different from the above standard may be considered for assessment purposes, subject to normalization.
Please send any questions, comments, or feedback to asia_products@spglobal.com with a copy to pricegroup@spglobal.com by Dec. 10, 2025.
For written comments, please provide a clear indication if they 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.