Platts to publish weekly FOB Bahrain bitumen prices from Dec. 11

Platts, part of S&P Global Commodity Insights, will start publishing weekly prices of FOB Bahrain PEN 60-70 grade bitumen, effective Dec. 11.

The assessment will complement Platts existing FOB Singapore, FOB South Korea and CFR India bitumen assessments, providing more information on the waterborne trade for the product in the Asia-Pacific and Middle East markets

The FOB Bahrain assessment will be published in dollars per metric ton, and reflect 3,000-7,000 mt cargoes loading from Sitra 20-40 days forward.

The assessment will 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 will reflect the values of physical bitumen cargoes at the close at 4.30 pm Singapore time on Wednesdays and follow the Singapore publishing schedule. When a public holiday falls on the planned publishing day, the assessment will be published the day prior to the public holiday.

Please send any questions, comments or feedback to asia_products@spglobal.com with a copy to 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.