15 Nov 2019 | 19:28 UTC — Houston

SUBSCRIBER NOTE: Platts to discontinue Santos IFO 380, 180 CST bunkers assessments

S&P Global Platts will discontinue the Santos 3.5% sulfur IFO 380 CST and IFO 180 CST bunkers assessments, and launch Average Price Indicators for these grades in their place, effective February 3, 2020.

The discontinuation follows the announcement from Petrobras that it will no longer sell 3.5% sulfur bunkers at its Brazilian ports. Until the date of discontinuation, Platts will assess this price based on spreads and directional movement of historically correlated markets.

Alongside the assessment discontinuation, Platts will continue to publish values for these grades in this location as Average Price Indicators. Platts publishes Average Price Indicators for a variety of ports and grades where there is less liquidity and where no assessment is published.

For API ports where there are no fresh price points entered on a given day, the API may be designated as a dependent price, and would be generated based on the last known differential between the API and a correlated port or more liquid fuel oil benchmark.

The affected assessments are as follows: ASSESSMENT SYMBOL Bunker FO 380 CST 3.5% Dlvd Santos AAXWJ00 Bunker FO 180 CST 3.5% Dlvd Santos AAXWP00

Platts will continue to publish the marine gasoil assessments in Santos.

Platts is launching a 0.5%S assessment in Santos on December 3. That symbol will be MFSAD00.

These prices appear on Platts Global Alert pages 870, 871 and Platts Shipping Alert pages 2240 and 2241. They appear in Bunkerwire, Bunkerwire Monthly and Latin American Wire, as well as in the Platts price database. The Average Price Indicators will appear in Bunkerworld and in the Platts price database.

Please provide comments or feedback to oilgroup@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.