SUBSCRIBER NOTE: Platts corrects T2 ethanol assessment rationale published Dec 5

The text for the Platts T2 ethanol assessment rationale, published on page PBF 1295 and in the Biofuelscan on December 5, was mistakenly published as the text from the market analysis.

The corrected version of the Platts T2 ethanol assessment rationale for December 5 has been re-sent on page 1295 and also appears below:

CORRECTION: Platts European Ethanol Assessment Commentary - 05Dec14

London (Platts)--8Dec2014/217 pm EST/1917 GMT

(Corrects to add rationale)

Platts T2 ethanol was assessed at Eur443/cu m FOB Rotterdam Friday, an increase of Eur2/cu m from Thursday. There were two trades reported in the Platts MOC process. First, BP hit STR's front-end bid at Eur444/cu m. Second, STR lifted NESTESUI's mid-window offer at Eur443/cu m. There was one bid and two offers on screen at the 1630 London close. CHSI bid (OCO) at Eur430/cu m in the front-end, Eur439/cu m in the mid-window and Eur400/cu m in the back-end. The most competitive offer was from NESTESUI in mid-window at Eur450/cu m. Value for December 15 loading was assessed at Eur443/cu m reflecting value of the second trade. The first trade was deemed as not reflective of a 1630 value, as the market moved away from the Eur444/cu m value after the trade. The structure was assessed flat, in line with indications on the futures market.

For more information, contact europe_ags@platts.com.