Platts launches weekly European Group II and Group III Base Oils assessments

Platts, part of S&P Global Commodity Insights, has launched weekly CFR Europe Group II and Group III base oils spot assessments, effective Dec. 11.

The assessments reflect spot cargoes for Group II 150N, 220N, 600N, and unapproved Group III 4CST and 6CST base oils.

The new Group II and Group III CFR Europe assessments are basis Rotterdam, published in $/mt, and take into consideration price information gathered during the week up to the close of the assessment process on Wednesday of each week at 4:30 pm London time, following a London publishing schedule.

Details of the specifications reflected:

Group II

150N

220N

600N

Unapproved Group III

4CST

6CST

Following market feedback, the assessment size reflects clip sizes of 1,000-5,000 mt. In its subscriber note published on Oct. 17, 2024, Platts originally proposed a vessel size of 15,000-30,000 mt. The proposal note can be reached at: Platts proposes to launch weekly European Group 2, Group 3 base oils assessments(opens in a new tab)

Platts base oil assessments reflect bulk liquid cargo clips which may be delivered on a part-cargo basis.

Platts understands that prevalent grades trading in the market often reflect specifications specific to large producers. The Platts specifications aim to encompass the parameters of the main producers for each grade.

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 europe_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 will make comments not marked as confidential available upon request.