Refined Products

December 11, 2024

Platts changes Asia Group I Base Oils assessments names, specifications, publishing schedule

Platts, part of S&P Global Commodity Insights, has changed the names, methodology, and publishing schedule of its Asia Group I Base Oils spot assessments, effective Dec. 11.

Platts has changed the names of the following assessments:

Assessment code Previous assessment name New assessment name
PLAAA00 150SN Paraffin Far East Group I SN150 FOB Asia
PLAAD00 500SN Paraffin Far East Group I SN500 FOB Asia
PLAAG00 Bright Stock Far East Group I Bright Stock FOB Asia

In addition, Platts has changed the name of the table in which these assessments appear in the Oilgram Price Report from "Monthly spot Lube assessments" to "Weekly spot Base Oil assessments" to reflect the proposed change in frequency of these assessments.

Platts has updated the methodology for the above assessments to reflect the following specifications and bases:

Group I SN150 FOB Asia (PLAAA00)

ASTM Color Maximum 1.5
Viscosity at 40 degrees Celsius 28-35 mm squared/s
Viscosity at 100 degrees Celsius 4.4-5.9 mm squared/s
Viscosity Index Minimum 88
Flash Point Minimum 200 degrees Celsius
Pour Point Maximum -6 degrees Celsius
Quantity 1,000 mt in bulk
Laycan 15-45 days forward
Location China, Indonesia, Japan, Singapore, Thailand

Group I SN500 FOB Asia (PLAAD00)

ASTM Color Maximum 4
Viscosity at 40 degrees Celsius 95-125 mm squared/s
Viscosity at 100 degrees Celsius 9.5-13 mm squared/s
Viscosity Index Minimum 88
Flash Point Minimum 210 degrees Celsius
Pour Point Maximum -6 degrees Celsius
Quantity 1,000 mt in bulk
Laycan 15-45 days forward
Location China, Indonesia, Japan, Singapore, Thailand

Group I Bright Stock FOB Asia (PLAAG00)

ASTM Color Maximum 6
Viscosity at 100 degrees Celsius 30-35 mm squared/s
Viscosity Index Minimum 95
Flash Point Minimum 270 degrees Celsius
Pour Point Maximum -6 degrees Celsius
Quantity 1,000 mt in bulk
Laycan 15-45 days forward
Location China, Indonesia, Japan, Singapore, Thailand

Pricing information with terms, locations, and specifications different from the above may be considered for assessment purposes and could be subject to normalization.

The above Group I assessments are now published on a weekly basis in $/mt and take into consideration price information gathered during the week ahead of the assessment, with indications normalized to the close at 4:30pm Singapore time each Wednesday.

The assessments reflect the values of physical base oils cargoes at the close of 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.

These assessments can be found in the Oilgram Price Report, Asia-Pacific/Arab Gulf Marketscan, and on Platts Global and Refined Product alert pages 1146 and 2529.

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 they are not intended for publication by Platts for public viewing. Platts will consider all comments received and make comments not marked as confidential available upon request.